Showing 1 - 10 of 41
This paper proposes an analytical formulation of discomfort in mass transit and discusses its micro-economic properties. The formula we introduce reflects real situations faced by the passengers, it has nice mathematical properties and it is easy to compute. The discomfort formulation is used to...
Persistent link: https://www.econbiz.de/10010821187
This paper models success probability in imperfectly discriminating contests involving multiple players and multiple prizes. This turns out to be a generalization of Tullock's contest success function to a multiplayer, multi-prize situation. The model can be used to analyse e orts exerted by...
Persistent link: https://www.econbiz.de/10010821213
According to the seminal Cost Recovery Theorem the revenues from congestion tolls pay for the capacity costs of an optimal-sized facility if capacity is perfectly divisible, and if user costs and capacity costs have constant scale economies. This paper extends the Theorem to long-run uncertainty...
Persistent link: https://www.econbiz.de/10010821262
This paper reviews the transportation models used for predicting impacts of congestion charging in European cities and carries out in-depth comparison of two such models, METROPOLIS and SILVESTER. Both are mesoscopic dynamic models involving modal split, route choice and departure time choice...
Persistent link: https://www.econbiz.de/10010821315
There is still a long way to achieve the goal of providing a theoretical and empirical framework to model and apply economics of the family. Decision-making within the family has been neglected too long in transportation. Two special issues by Bhat and Pendyala, 2005 [17] and by Timmermans and...
Persistent link: https://www.econbiz.de/10010821318
We propose a method to compute an equilibrium solution for the monocentric city model with traffic congestion, and to quantify the im- pact of cordon tolls on social surplus. The focus of this paper is on the comparison of road pricing of one and two cordons, with the no toll and first-best...
Persistent link: https://www.econbiz.de/10010898811
The effect of an individual-specific measure of accessibility to jobs is analyzed using a three-level nested logit model of residential location, workplace, and job type choice. This measure takes into account the attractiveness of different job types when the workplace choice is anticipated in...
Persistent link: https://www.econbiz.de/10010899354
A three-level nested logit model for the choice of residential location, workplace, and type of employment is used to assess the effect of an individual-specific measure of accessibility to employments that takes into account the attractiveness of different occupations when the choice of...
Persistent link: https://www.econbiz.de/10010899447
We review the literature on household decision-making in economics as well as in transportation and urban economics. This literature starts with Gary Becker in Economics, 30 years ago, and has recently been introduced to study specific questions related to space. We consider two examples:...
Persistent link: https://www.econbiz.de/10010899569
We show that the number of individuals selecting their worst alternatives within a finite set of alternatives can be written as an alternating sum of the number of individuals having their best choice within subset of alternatives. The identities are then applied to random utility models,...
Persistent link: https://www.econbiz.de/10010899602