BEHAVIORAL DEMAND MODELING AND VALUATION OF TRAVEL TIME. TRADERS VERSUS NONTRADERS

In this workshop report consideration is given to the classification of the population into traders and nontraders. It is pointed out that the distinction becomes important when one tries to analyze the general decision procedure determining travel choice, and is specifically important when one tries to estimate the value of time. The distinction is made according to the following definition: Given a situation where a person has to choose between n alternatives on the basis of k characteristics, we have to distinguish between those cases where there is 1 alternative (among the n) that is perceived to be dominant (i.e., is superior in all k respects) and the case where there is not. In the first case the person is a nontrader; in the second case the person is a trader.

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    • Presented at a conference in South Berwick, Maine, July 8-13, 1973, sponsored by TRB, DOT and the Engineering Foundation. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved
  • Corporate Authors:

    Transportation Research Board

    500 Fifth Street, NW
    Washington, DC  United States  20001
  • Authors:
    • Gronau, Reuben
  • Publication Date: 1974

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  • Accession Number: 00081598
  • Record Type: Publication
  • Files: TRIS, TRB, ATRI
  • Created Date: Apr 8 1975 12:00AM