Stick to the Plan? A Revealed-Preference Study of Behavioural Impacts of Traffic Information
AbstractWe estimate a revealed-preference scheduling model of morning peak behaviour that allows us to determine the impact of traffic information on traveller behaviour. Specifically, we distinguish between the marginal impact of expected travel times versus that of deviations from this expectation upon user behaviour. We find that participants that chose to receive a smart-phone with traffic information as a reward in our experiment respond to the deviation of actual travel times from the expectation, which they did not do before. This we interpret as evidence that traffic information indeed affects behaviour. We also find that participants who did not choose the smart-phone, but instead opted for monetary rewards, also respond to the deviation of actual travel times from the expectation. This suggests that these drivers use other sources of information to help their trip planning.
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Bibliographic InfoPaper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 10-068/3.
Date of creation: 14 Jul 2010
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Traffic Information; Discrete Choice Analysis; Revealed Preference; Value of Travel Time Savings; Value of Schedule Delay;
Find related papers by JEL classification:
- R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-02-26 (All new papers)
- NEP-DCM-2011-02-26 (Discrete Choice Models)
- NEP-URE-2011-02-26 (Urban & Real Estate Economics)
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- Stefanie Peer & Erik Verhoef & Jasper Knockaert & Paul Koster & Yin-Yen Tseng, 2011. "Long-Run vs. Short-Run Perspectives on Consumer Scheduling: Evidence from a Revealed-Preference Experiment among Peak-Hour Road Commuters," Tinbergen Institute Discussion Papers 11-181/3, Tinbergen Institute, revised 16 May 2012.
- Stefanie Peer & Jasper Knockaert & Paul Koster & Yin-Yen Tseng & Erik Verhoef, 2011. "Door-to-Door Travel Times in RP Departure Time Choice Models: An Approximation Method based on GPS," Tinbergen Institute Discussion Papers 11-180/3, Tinbergen Institute, revised 17 May 2012.
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