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Theory of Route Choice and the Value of Time

  • John F. McDonald
  • Edmond L. d’Ouville
  • Louie Nan Liu
Part of the Transportation Research, Economics and Policy book series (TRES)

Abstract

The first section of this book has concentrated on the specification of the supply side of travel on urban highways. The demand side receives attention in this and the next chapter. Our purpose here is not to provide a comprehensive discussion of the demand for urban travel, but rather to concentrate on whether the commuter chooses a tollway for the drive to work. After some introduction to urban travel demand in general, this chapter examines the theory of route choice and the value of time. Chapter 5 is an empirical study of the choice of freeways versus tollways. A comprehensive theoretical and empirical survey of the demand for urban travel is provided by Small in his text “Urban Transportation Economics” (1992).

Keywords

Route Choice Travel Demand Marginal Unit Money Cost Urban Highway 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. Bruzelius, N. 1979, The Value of Travel Time: Theory and Measurement, London: Croom Helm.Google Scholar
  2. Small, K., 1992, Urban Transportation Economics, Chur, Switzerland: Harwood Academic Publishers.Google Scholar

Copyright information

© Springer Science+Business Media New York 1999

Authors and Affiliations

  • John F. McDonald
    • 1
  • Edmond L. d’Ouville
    • 2
  • Louie Nan Liu
    • 3
  1. 1.University of Illinois at ChicagoUSA
  2. 2.Indiana University NorthwestUSA
  3. 3.Louis Berger and AssociatesUSA

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