The Optimal Choice of Commuting Speed: Consequences for Commuting Time, Distance and Costs

In this paper, we derive a structural model for commuting speed. We presume that commuting speed is chosen to minimise commuting costs, which encompass both monetary and time costs. At faster speed levels, the monetary costs increase, but the time costs fall. Using data from Great Britain, we demonstrate that the income elasticity of commuting speed is 0.126. The ratio of variabIe monetary costs to travel time costs is 0.14.

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Year of publication:	2004-08-24
Authors:	Ommeren, Jos van ; Dargay, Joyce
Institutions:	Tinbergen Institute
Subject:	commuting \| speed \| travel demand modelling

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Extent:	application/pdf
Series:	Tinbergen Institute Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Tinbergen Institute Discussion Papers Number 04-092/3
Classification:	R41 - Transportation: Demand; Supply; Congestion; Safety and Accidents
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005209517