This paper proposes an analytical framework for scheduling decisions of road travelers that takes into account probability weighting using rank dependent utility theory. The fundamental difference with the standard scheduling model based on expected utility is that the probabilities of arrivals...

Vehicle accidents represent an important source of externalities from driving. Using a detailed dataset on accident location and characteristics in Switzerland, we estimate the effect of switching from a 50 km/h speed limit to a 30 km/h limit on the probability of vehicle accident injuries....

This paper studies road safety and accident externalities when insurance companies have market power, and can influence road users' driving behaviour via insurance premiums. We obtain both welfare and profit maximizing marginal conditions for first- and second-best insurance premiums for...

This paper explores how the interaction between human-driven vehicles (HVs) cruising for parking and autonomous vehicles (AVs) traveling back and forth affects travel behavior and congestion. To capture the spatial distribution of parking, we develop a continuous spatial optimization model, with...

We study road supply by competing firms between a single origin and destination. In previous studies, firms simultaneously set their tolls and capacities while taking the actions of the others as given in a Nash fashion. Then, under some widely used technical assumptions, firms set the same...

This paper addresses some of the early policy concerns about "connected cars" and driverless vehicles and promotes "bottom-up" solutions to ensure that innovation continues to flourish in this space. The authors argue that the generally unabated advancement of intelligent-vehicle technology will...

Once automatic vehicles are available, working from self-driving car (WFC) in the AV's mobile office will be a real option. It allows firms to socialize land costs for office space from the office lot to road infrastructure used by AV. Employees, in turn, can switch wasted commuting time into...

We estimate the marginal costs of road renewals as part of a social marginal cost scheme for road user charging. Within an analytical approach that mirrors the relationship between road deterioration, traffic load and road renewal, we use an accelerated failure time model for road pavement with...

The transportation sector accounts for the largest consumption of non-renewable energy globally, highlighting the need for a broader understanding of alternative paths towards mitigating this status. Technological advancement is on the rise and with increasing policy support, studies present...

The aim of this study is twofold. First, it aims to put forward new information concerning the technical characteristics of State Road Transport Undertakings (henceforth, STUs) on the basis of a sample of medium and large-size Indian states. Second, it aims to analyze the level of productive...