Information, Rational Expectations and Network Equilibria--An Analytical Perspective for Route Guidance Systems
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.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
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.
Volume (Year): 28 (1994)
Issue (Month): 4 (December)
|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|
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: (Sonal Shukla)or (Christopher F Baum)
If references are entirely missing, you can add them using this form.