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The paper analyzes the effects on the demand for owner-occupied housing that are likely to result from the Swedish 1983-85 tax reform. This is done by means of a micro-simulation model which takes into account the dichotomous nature of the demand for housing: the consumers choose the mode of...
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This paper examines the cross-fertilizations of random utility models with the study of decision making under risk and uncertainty. We start with a description of the Expected Utility (EU) theory and then consider deviations from the standard EU frameworks, involving the Allais paradox and the...
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We estimate how motorists value their time savings and characterize the degree of heterogeneity in these values by observable traits. We obtain these estimates by analyzing the choices that commuters make in a real market situation, where they are offered a free-flow alternative to congested...
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This paper explores the impact of residential density on households’ vehicle type and usage choices using the 2001 National Household Travel Survey (NHTS). Attempts to quantify the effect of urban form on households’ vehicle choice and utilization often encounter the problem of...
Persistent link: https://www.econbiz.de/10011130932
Modern panel surveys frequently suffer from high and likely non-ignorable attrition, and transportation surveys suffer from poor travel time estimates. This paper examines new methods for adjusting forecasts and model estimates to account for these problems. The methods we describe are...
Persistent link: https://www.econbiz.de/10011131040
This paper reports results from evaluations of two recent road pricing demonstrations in Southern California. These demonstration projects provide particularly useful opportunities for measuring commuters’ values of time and reliability. Unlike most revealed preference studies of value of...
Persistent link: https://www.econbiz.de/10011131043