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The Importance of Being Early

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Author Info
Pavithra Parthasarathi ()
Anupam Srivastava ()
Nikolas Geroliminis ()
David Levinson () (Nexus (Networks, Economics, and Urban Systems) Research Group, Department of Civil Engineering, University of Minnesota)
Abstract

The assumption that the penalty for being early is less than that for being late was put forward by Vickrey (1963) who analyzed how commuters compare penalties in the form of schedule delay (due to peak hour congestion), against penalties in the form of reaching their destination (ahead or behind their desired time of arrival). This assumption has been tested by many researchers since then for various applications, especially in modeling congestion pricing (Arnott et al., 1990) where it is critical to understand the tradeoff between schedule delay and travel delay. Key findings are summarized in the second section of this paper. This research aims to test this hypothesis of earliness being less expensive than lateness using empirical data at different levels and across different regions. New methods to estimate the ratio of earliness to lateness for different types of datasets are developed, which could be used by agencies to implement control policies like congestion pricing or other schemes more accurately. Travel survey data from metropolitan areas provide individual travel patterns while loop detector data provide link level traffic flow data.

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File URL: http://nexus.umn.edu/Papers/ImportanceOfBeingEarly.pdf
File Format: application/pdf
File Function: First version, 2009
Download Restriction: no

Publisher Info
Paper provided by University of Minnesota: Nexus Research Group in its series Working Papers with number 000058.

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Date of creation: 2009
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Publication status: Published in working paper
Handle: RePEc:nex:wpaper:importanceofbeingearly

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Postal: Dept. of Civil Engineering, 500 Pillsbury Drive SE, Minneapolis, MN 55455
Phone: +01 (612) 625-6354
Fax: +01 (612) 626-7750
Web page: http://nexus.umn.edu
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Related research
Keywords: Schedule Delay; Travel Time; Traffic; Travel Behavior.;

Find related papers by JEL classification:
R41 - Urban, Rural, and Regional Economics - - Transportation Systems - - - Transportation: Demand, Supply, and Congestion
R42 - Urban, Rural, and Regional Economics - - Transportation Systems - - - Government and Private Investment Analysis
R48 - Urban, Rural, and Regional Economics - - Transportation Systems - - - Government Pricing; Regulatory Policies
J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
D03 - Microeconomics - - General - - - Behavioral Economics; Underlying Principles

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Cited by:
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  1. Shanjiang Zhu & David Levinson & Henry Liu, 2009. "Measuring Winners and Losers from the new I-35W Mississippi River Bridge," Working Papers 000066, University of Minnesota: Nexus Research Group. [Downloadable!]
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