Advanced Search
MyIDEAS: Login

Information, Rational Expectations and Network Equilibria--An Analytical Perspective for Route Guidance Systems

Contents:

Author Info

  • Kobayashi, Kiyoshi
Registered author(s):

    Abstract

    This paper tries to provide with a unified framework for understanding how drivers act in response to exogenously provided route guidance information; and how they form subjective expectations on traffic conditions from repeated learning. The learning problems are placed in the context of iterative adjustment processes which achieve equilibrium if drivers have rational expectations. Route choice models with rational expectations find a new justification since the models appear as the limits of drivers' learning procedures. This paper is also devoted to the question of whether route guidance information can convey substantial information to drivers even if drivers behave with rational expectations of their environment. The author also tries to propose a framework for designing the optimal route guidance systems.

    Download Info

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below under "Related research" whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Bibliographic Info

    Article provided by Springer in its journal Annals of Regional Science.

    Volume (Year): 28 (1994)
    Issue (Month): 4 (December)
    Pages: 369-93

    as in new window
    Handle: RePEc:spr:anresc:v:28:y:1994:i:4:p:369-93

    Contact details of provider:
    Web page: http://link.springer.de/link/service/journals/00168/index.htm
    More information through EDIRC

    Order Information:
    Web: http://link.springer.de/orders.htm

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. André De Palma & Robin Lindsey & Nathalie Picard, 2008. "Risk aversion, the value of information and traffic equilibrium," Working Papers hal-00349492, HAL.
    2. Kobayashi, Kiyoshi & Do, Myungsik, 2005. "The informational impacts of congestion tolls upon route traffic demands," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(7-9), pages 651-670.
    3. Emmerink, Richard H. M. & Verhoef, Erik T. & Nijkamp, Peter & Rietveld, Piet, 1998. "Information policy in road transport with elastic demand: Some welfare economic considerations," European Economic Review, Elsevier, vol. 42(1), pages 71-95, January.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:spr:anresc:v:28:y:1994:i:4:p:369-93. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F Baum).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.