Showing 1 - 10 of 22
estimates for the monetary values that participants attach to reducing travel time, schedule delays, the number of transfers …
Persistent link: https://www.econbiz.de/10011403536
estimates for the monetary values that participants attach to reducing travel time, schedule delays, the number of transfers …
Persistent link: https://www.econbiz.de/10011295719
We asked participants of a large-scale, real-life peak avoidance experiment to provide estimates of their average in-vehicle travel time for their morning commute. Comparing these reported travel times to the corresponding actual travel times, we find that travel times are overstated by a factor...
Persistent link: https://www.econbiz.de/10011255638
Limited memory capacity, retrieval constraints and anchoring are central to expectation formation processes. We develop a model of adaptive expectations where individuals are able to store only a finite number of past experiences of a stochastic state variable. Retrieval of these experiences is...
Persistent link: https://www.econbiz.de/10011255773
We consider equilibrium and optimum use of a Vickrey road bottleneck, distinguishing between long-run and short-run scheduling preferences in an otherwise stylized scheduling model. The preference structure reflects that there is a distinction between the (exogenous) 'long-run preferred arrival...
Persistent link: https://www.econbiz.de/10011256089
predictor of variability. On average, longer delays are associated with higher variability. However, the derivative of travel … time variability with respect to delays is decreasing in delays. It can be shown that this result relates to differences in …
Persistent link: https://www.econbiz.de/10011257039
predictor of variability. On average, longer delays are associated with higher variability. However, the derivative of travel … time variability with respect to delays is decreasing in delays. It can be shown that this result relates to differences in …
Persistent link: https://www.econbiz.de/10008838548
We consider equilibrium and optimum use of a Vickrey road bottleneck, distinguishing between long-run and short-run scheduling preferences in an otherwise stylized scheduling model. The preference structure reflects that there is a distinction between the (exogenous) 'long-run preferred arrival...
Persistent link: https://www.econbiz.de/10010326534
This paper develops a practical approach to estimate the benefits of improved reliability of road networks. We present … travel. We focus on situations where only mean delays are known, which are the typical output of a standard transport model …. We show how to generate travel time distributions from these mean delays, which we use to estimate the scheduling costs …
Persistent link: https://www.econbiz.de/10011272599
predictor of variability. On average, longer delays are associated with higher variability. However, the derivative of travel … time variability with respect to delays is decreasing in delays. It can be shown that this result relates to differences in …
Persistent link: https://www.econbiz.de/10010325956