The utility of travelling when destinations are heterogeneous. How much better is the next destination as one travels further?
AbstractIn many studies travel behaviour (for example, commuting) is analysed on the basis of a utility function with the distance (d) travelled as one of the arguments. An example is U=U(d,Y-cd,T-td) where Y and T denote money and time constraints, and c and t money and time costs per unit distance. This standard approach is not without problems, however, since it ignores the fundamental fact that most transport has a derived character: travelling kilometres is not an activity that gives utility per se, but only because these kilometres bring people to certain places they want to visit. In this paper we develop a method that provides a justification for utility functions such as shown here by showing that these can be made consistent with theories that take into account the derived character of transport. Copyright Springer-Verlag Berlin Heidelberg 2003
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Bibliographic InfoArticle provided by Springer in its journal Journal of Geographical Systems.
Volume (Year): 5 (2003)
Issue (Month): 2 (08)
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Web page: http://www.springerlink.com/link.asp?id=103079
rectangular city; commuting; distance distributions; C15; R14; R41;
Other versions of this item:
- Rietveld, Piet & van Woudenberg, Stefan, 2002. "The utility of travelling when destinations are heterogeneous: How much better is the next destination as one travels further?," ERSA conference papers ersa02p040, European Regional Science Association.
- C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
- R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
- R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion
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- Piet Rietveld, 2010. "The Economics of Information in Transport," Tinbergen Institute Discussion Papers 10-110/3, Tinbergen Institute.
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