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Information value and sequential decision-making in a transport setting : an experimental study

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  • Laurent Denant-Boèmont

    (CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique)

  • R. Petiot

Abstract

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Suggested Citation

  • Laurent Denant-Boèmont & R. Petiot, 2003. "Information value and sequential decision-making in a transport setting : an experimental study," Post-Print halshs-00069584, HAL.
    • Handle: RePEc:hal:journl:halshs-00069584
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    References listed on IDEAS

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    1. Karine Delvert & Laurent Denant-Boemont & Romain Petiot, 2000. "Is flexibility in choice option valuable ? Sheraton Mirage Gold Coast (Queensland, Australia)," Post-Print hal-03072860, HAL.
    2. 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.
    3. John Broome, 1990. "Bolker-Jeffrey Expected Utility Theory and Axiomatic Utilitarianism," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 57(3), pages 477-502.
    4. Vickrey, William S, 1969. "Congestion Theory and Transport Investment," American Economic Review, American Economic Association, vol. 59(2), pages 251-260, May.
    5. Richard H. M. Emmerink, 1998. "Information and Pricing in Road Transportation," Advances in Spatial Science, Springer, number 978-3-642-72143-4, Fall.
    6. Arnott, R. & de Palma, A. & Lindsey, R., 1990. "Departure time and route choice for the morning commute," Transportation Research Part B: Methodological, Elsevier, vol. 24(3), pages 209-228, June.
    7. Friedman,Daniel & Sunder,Shyam, 1994. "Experimental Methods," Cambridge Books, Cambridge University Press, number 9780521456821.
    8. 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.
    9. Arnott, Richard & de Palma, Andre & Lindsey, Robin, 1996. "Information and Usage of Free-Access Congestible Facilities with Stochastic Capacity and Demand," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 37(1), pages 181-203, February.
    10. Robert A. Jones & Joseph M. Ostroy, 1984. "Flexibility and Uncertainty," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(1), pages 13-32.
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    Citations

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    Cited by:

    1. Chorus, Caspar G. & Arentze, Theo A. & Molin, Eric J.E. & Timmermans, Harry J.P. & Van Wee, Bert, 2006. "The value of travel information: Decision strategy-specific conceptualizations and numerical examples," Transportation Research Part B: Methodological, Elsevier, vol. 40(6), pages 504-519, July.
    2. Terry E. Daniel & Eyran J. Gisches & Amnon Rapoport, 2009. "Departure Times in Y-Shaped Traffic Networks with Multiple Bottlenecks," American Economic Review, American Economic Association, vol. 99(5), pages 2149-2176, December.
    3. Eboli, Laura & Mazzulla, G., 2008. "Willingness-to-pay of public transport users for improvement in service quality," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 38, pages 107-118.
    4. Caspar Chorus & Theo Arentze & Harry Timmermans, 2007. "Information impact on quality of multimodal travel choices: conceptualizations and empirical analyses," Transportation, Springer, vol. 34(6), pages 625-645, November.
    5. Sun, Xiaoyan & Han, Xiao & Bao, Jian-Zhang & Jiang, Rui & Jia, Bin & Yan, Xiaoyong & Zhang, Boyu & Wang, Wen-Xu & Gao, Zi-You, 2017. "Decision dynamics of departure times: Experiments and modeling," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 483(C), pages 74-82.
    6. Anthony Ziegelmeyer & Frédéric Koessler & Kene Boun My & Laurent Denant-Boèmont, 2008. "Road Traffic Congestion and Public Information: An Experimental Investigation," Journal of Transport Economics and Policy, University of Bath, vol. 42(1), pages 43-82, January.
    7. Chorus, Caspar G. & Arentze, Theo A. & Timmermans, Harry J.P., 2008. "A Random Regret-Minimization model of travel choice," Transportation Research Part B: Methodological, Elsevier, vol. 42(1), pages 1-18, January.
    8. Wei Zhai & Shuqi Gao & Mengyang Liu & Di Wei, 2023. "Examining the effects of climate change perception and commuting experience on the willingness to pay for micro-transit service in Tampa, FL," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-10, December.
    9. Ryley, Tim J. & Zanni, Alberto M., 2013. "An examination of the relationship between social interactions and travel uncertainty," Journal of Transport Geography, Elsevier, vol. 31(C), pages 249-257.
    10. Wijayaratna, Kasun P. & Dixit, Vinayak V., 2016. "Impact of information on risk attitudes: Implications on valuation of reliability and information," Journal of choice modelling, Elsevier, vol. 20(C), pages 16-34.
    11. Giselle Moraes Ramos & Winnie Daamen & Serge Hoogendoorn, 2014. "A State-of-the-Art Review: Developments in Utility Theory, Prospect Theory and Regret Theory to Investigate Travellers' Behaviour in Situations Involving Travel Time Uncertainty," Transport Reviews, Taylor & Francis Journals, vol. 34(1), pages 46-67, January.

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