Beaud, Mickaël; Blayac, Thierry; Stéphan, Maïté - LAboratoire Montpelliérain d'Économie Théorique et … - 2014
This paper derives new monetary measures of traveler’s willingness to pay to save travel time and to improve its reliability. We develop an intuitive model of transport mode choice in which each alternative is fully characterized by its price and the distribution of its random travel time,...