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Information policy in road transport with elastic demand: Some welfare economic considerations

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  • Emmerink, Richard H. M.
  • Verhoef, Erik T.
  • Nijkamp, Peter
  • Rietveld, Piet

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  • 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.
    • Handle: RePEc:eee:eecrev:v:42:y:1998:i:1:p:71-95
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    References listed on IDEAS

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    2. Moshe Ben-Akiva & Andre de Palma & Pavlos Kanaroglou, 1986. "Dynamic Model of Peak Period Traffic Congestion with Elastic Arrival Rates," Transportation Science, INFORMS, vol. 20(3), pages 164-181, August.
    3. Laih, Chen-Hsiu, 1994. "Queueing at a bottleneck with single- and multi-step tolls," Transportation Research Part A: Policy and Practice, Elsevier, vol. 28(3), pages 197-208, May.
    4. Michael J. Smith, 1984. "The Existence of a Time-Dependent Equilibrium Distribution of Arrivals at a Single Bottleneck," Transportation Science, INFORMS, vol. 18(4), pages 385-394, November.
    5. Kobayashi, Kiyoshi, 1994. "Information, Rational Expectations and Network Equilibria--An Analytical Perspective for Route Guidance Systems," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 28(4), pages 369-393, December.
    6. Arnott, Richard & de Palma, Andre & Lindsey, Robin, 1993. "A Structural Model of Peak-Period Congestion: A Traffic Bottleneck with Elastic Demand," American Economic Review, American Economic Association, vol. 83(1), pages 161-179, March.
    7. Arnott, Richard & de Palma, Andre & Lindsey, Robin, 1992. "Route choice with heterogeneous drivers and group-specific congestion costs," Regional Science and Urban Economics, Elsevier, vol. 22(1), pages 71-102, March.
    8. Arnott, Richard & de Palma, Andre & Lindsey, Robin, 1990. "Economics of a bottleneck," Journal of Urban Economics, Elsevier, vol. 27(1), pages 111-130, January.
    9. Richard H. M. Emmerink & Erik T. Verhoef & Peter Nijkamp & Piet Rietveld, 1996. "Endogenising demand for information in road transport," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 30(2), pages 201-222.
    10. Chris Hendrickson & George Kocur, 1981. "Schedule Delay and Departure Time Decisions in a Deterministic Model," Transportation Science, INFORMS, vol. 15(1), pages 62-77, February.
    11. Iida, Yasunori & Akiyama, Takamasa & Uchida, Takashi, 1992. "Experimental analysis of dynamic route choice behavior," Transportation Research Part B: Methodological, Elsevier, vol. 26(1), pages 17-32, February.
    12. Vickrey, William S, 1969. "Congestion Theory and Transport Investment," American Economic Review, American Economic Association, vol. 59(2), pages 251-260, May.
    13. P. D. F. Strydom, 1994. "The economics of information," Chapters, in: Peter J. Boettke (ed.), The Elgar Companion to Austrian Economics, chapter 24, Edward Elgar Publishing.
    14. Richard H. M. Emmerink & Peter Nijkamp & Piet Rietveld & Jos N. Van Ommeren & Richard H. M. Emmerink & Peter Nijkamp & Piet Rietveld & Jos N. Van Ommeren, 2004. "Variable Message Signs and Radio Traffic Information: An Integrated Empirical Analysis of Drivers’ Route Choice Behaviour," Chapters, in: Location, Travel and Information Technology, chapter 16, pages 343-361, Edward Elgar Publishing.
    15. Braid, Ralph M., 1989. "Uniform versus peak-load pricing of a bottleneck with elastic demand," Journal of Urban Economics, Elsevier, vol. 26(3), pages 320-327, November.
    16. Yang, Hai & Kitamura, Ryuichi & Jovanis, Paul P. & Vaughn, Kenneth M. & Abdel-aty, Mohammed A. & Reddy, Prasuna Dvg, 1993. "Exploration Of Driver Route Choice With Advanced Traveler Information Using Neural Network Concepts," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt53d2t6df, Institute of Transportation Studies, UC Berkeley.
    17. Verhoef, Erik T. & Emmerink, Richard H. M. & Nijkamp, Peter & Rietveld, Piet, 1996. "Information provision, flat and fine congestion tolling and the efficiency of road usage," Regional Science and Urban Economics, Elsevier, vol. 26(5), pages 505-529, August.
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    Cited by:

    1. Denant-Boèmont, L. & Petiot, R., 2003. "Information value and sequential decision-making in a transport setting: an experimental study," Transportation Research Part B: Methodological, Elsevier, vol. 37(4), pages 365-386, May.
    2. Lindsey, Robin & Daniel, Terry & Gisches, Eyran & Rapoport, Amnon, 2014. "Pre-trip information and route-choice decisions with stochastic travel conditions: Theory," Transportation Research Part B: Methodological, Elsevier, vol. 67(C), pages 187-207.
    3. Zhang, Rong & Verhoef, Erik T., 2006. "A monopolistic market for advanced traveller information systems and road use efficiency," Transportation Research Part A: Policy and Practice, Elsevier, vol. 40(5), pages 424-443, June.
    4. Jiang, Gege & Fosgerau, Mogens & Lo, Hong K., 2020. "Route choice, travel time variability, and rational inattention," Transportation Research Part B: Methodological, Elsevier, vol. 132(C), pages 188-207.
    5. Lei Zhang & David Levinson, 2006. "Determinants of Route Choice and the Value of Traveler Information," Working Papers 200808, University of Minnesota: Nexus Research Group.
    6. Gubins, Sergejs & Verhoef, Erik T. & de Graaff, Thomas, 2012. "Welfare effects of road pricing and traffic information under alternative ownership regimes," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(8), pages 1304-1317.
    7. L. Denant-Boèmont & R. Petiot, 2003. "Information value and sequential decision-making in a transport setting: an experimental study," Post-Print hal-02422690, HAL.
    8. Xuemei Zhou & Jiahui Liang & Xiangfeng Ji & Caitlin D. Cottrill, 2019. "The Influence of Information Services on Public Transport Behavior of Urban and Rural Residents," Sustainability, MDPI, vol. 11(19), pages 1-19, October.
    9. Hiroaki Miyoshi, 2006. "Externalities and Taxation/Subsidization Policy of Vehicle Information and Communication System," ERSA conference papers ersa06p239, European Regional Science Association.
    10. Small, Kenneth A., 2012. "Valuation of travel time," Economics of Transportation, Elsevier, vol. 1(1), pages 2-14.
    11. Arnott, Richard & de Palma, Andre & Lindsey, Robin, 1999. "Information and time-of-usage decisions in the bottleneck model with stochastic capacity and demand," European Economic Review, Elsevier, vol. 43(3), pages 525-548, March.
    12. Yu, Xiaojuan & van den Berg, Vincent A.C. & Li, Zhi-Chun, 2023. "Congestion pricing and information provision under uncertainty: Responsive versus habitual pricing," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 175(C).
    13. Rapoport, Amnon & Gisches, Eyran J. & Daniel, Terry & Lindsey, Robin, 2014. "Pre-trip information and route-choice decisions with stochastic travel conditions: Experiment," Transportation Research Part B: Methodological, Elsevier, vol. 68(C), pages 154-172.

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