Travel time variability and rational inattention

This paper sets up a rational inattention model for the choice of departure time for a traveler facing random travel time. The traveler chooses how much information to acquire about the travel time outcome before choosing departure time. This reduces the cost of travel time variability compared to models in which the information is exogenously fixed.

MoreLess

Year of publication:	2017-10
Authors:	Fosgerau, Mogens ; Jiang, Gege

More details

Type of publication:	Book / Working Paper
Language:	English
Notes:	Fosgerau, Mogens and Jiang, Gege (2017): Travel time variability and rational inattention.
Classification:	D1 - Household Behavior and Family Economics ; D8 - Information and Uncertainty ; R4 - Transportation Systems
Source:	BASE

Persistent link: https://www.econbiz.de/10015258051