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 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 of variabIe monetary costs to travel time costs is0.14.

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Year of publication:	2004
Authors:	van Ommeren, Jos ; Dargay, Joyce
Publisher:	Amsterdam and Rotterdam : Tinbergen Institute
Subject:	Pendelverkehr \| Transportzeit \| Einkommenselastizität \| Großbritannien \| commuting \| speed \| travel demand modelling

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Series:	Tinbergen Institute Discussion Paper ; 04-092/3
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	835387283 [GVK] hdl:10419/86586 [Handle] RePEc:dgr:uvatin:20040092 [RePEc]
Classification:	R41 - Transportation: Demand; Supply; Congestion; Safety and Accidents
Source:	EconStor

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010325545