van Ommeren, Jos; Dargay, Joyce - 2004
In this paper, we derive a structural model for commuting speed. We presumethat commuting speed is chosen to minimise … commuting costs, which encompass bothmonetary and time costs. At faster speed levels, the monetary costs increase, but the … timecosts fall. Using data from Great Britain, we demonstrate that the income elasticity ofcommuting speed is 0.126. The ratio …