A behavioral economic perspective on demand responsive transportation
In this article, a utility function framework is developed, serving to determine the demand for an upcoming demand responsive transportation system. A linear ‘public-good game’ (PGG) model is modified in a way that maximizing the consumer surplus is assumed to determine individual decision-making. This modification allows for considering the endowment effect in the function, which is expected to enable for a more precise distinction among customer segments. The purpose of this approach is to create a possibility for including descriptive behavioral economic findings in a normative modeling concept. It shall serve as a theoretical basis for coming empirical investigations.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/25901982
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Supplemental Notes:
- © 2024 The Author(s). Published by Elsevier Ltd. Abstract reprinted with permission of Elsevier.
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Authors:
- Minnich, Aljoscha
- Herbst, Heiko
- Herminghaus, Stephan
- Kneib, Thomas
- Wacker, Benjamin
- Schlüter, Jan
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0000-0002-3363-8663
- Publication Date: 2024-9
Language
- English
Media Info
- Media Type: Web
- Features: References;
- Pagination: 101176
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Serial:
- Transportation Research Interdisciplinary Perspectives
- Volume: 27
- Issue Number: 0
- Publisher: Elsevier
- ISSN: 2590-1982
- Serial URL: https://www.journals.elsevier.com/transportation-research-interdisciplinary-perspectives
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Publication flags:
Open Access (libre)
Subject/Index Terms
- TRT Terms: Choice models; Consumer behavior; Decision making; Demand responsive transportation; Economic factors; Game theory
- Subject Areas: Economics; Highways; Public Transportation; Safety and Human Factors;
Filing Info
- Accession Number: 01932773
- Record Type: Publication
- Files: TRIS
- Created Date: Oct 4 2024 1:51PM