The traditional cellular automaton (CA) model assumes that drivers only receive information from the preceding vehicles, e.g. the brake light information. However, in reality, drivers not only perceive information from downstream but can also get upstream information, e.g. the honk stimulation....

The paper mainly studies the following vehicle’s honk effect on the driver of its predecessors in the single-lane cellular automaton model (CA model); besides, the determined condition of honk’s state is investigated in detail, which has seldom been studied before. Then, the influence of...

The iterated spatial game among the mobile population is an interesting problem in the fields of biological, social and economic sciences. Inspired by some recent works, this paper concentrates on the iterated snowdrift game among movable and myopic agents. Two different decision-making schemes,...

Due to the poor road markings and irregular driving behaviors, not every vehicle is positioned in the center of the lane. The deviation from the center can cause discomfort to drivers in the neighboring lane, which is referred to as lateral discomfort (or lateral friction). Such lateral...

It is generally accepted that compliance behavior is affected by many factors. The purpose of this study is to investigate the effects of diverse factors on drivers’ guidance compliance behaviors under road condition information shown on graphic variable message sign (VMS), and based on this...

This study revisits the empirical question of the determinants of the choice between fixed and adjustable-rate mortgages using more comprehensive data from the Survey of Consumer Finances (SCF) that overcome some of the data limitations in previous studies. The results from a Logit model of...

Recently, U.S. households have committed a rising share of disposable personal income to required principal and interest payments on household debt. Studies of the direct link between the household debt service ratio (DSR) and consumption show mixed results—perhaps because debt may instead...

Uninsurable income risk is often cited as an explanation for empirical deviations from the Lifecycle/Permanent-Income Hypothesis such as the observation that the life-cycle profile of mean consumption is hump-shaped. Most methods used for estimating income uncertainty essentially measure the...

The Rational Expectations Permanent Income Hypothesis (RE-PIH) fails to explain several features of consumption behavior documented by previous researchers. First, the marginal propensity to consume (MPC) out of unanticipated income shocks tends to decrease as the size of the shocks becomes...

In the last decade of the 20th century, the U.S. economy witnessed a persistent and substantial increase in private investment. The boom was sharply reversed in 2001, and a great deal of evidence suggests that the capital stock had become excessive. Standard equilibrium business cycle models...