ANALYSIS OF THE EFFECTS OF CAPTIVITY ON TRAVEL TIME AND COST ELASTICITIES

Our theoretical and empirical analyses have shown that the biases introduced into parameter estimation and model forecasts by ignoring the existence of captivity (and more generally, that of choice set generation) can be significant. The implication of our work for transport analysts is that decisions based on demand estimates that do not consider captivity potentially result in misallocation of scarce resources. Though our empirical work is conducted with the choice of mode to work in a developing country, the implications drawn should be extensible to other choice dimensions and locations.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/9067640603
• Corporate Authors:

  VNU Science Pres BV

  P.O. Box 2073
  Utrecht,   Netherlands 
• Authors:
  • Swait, J D
  • Ben-Akiva, Moshe
• Conference:
  • Behavioural Research for Transport Policy
  • Location: Noordwijk, Netherlands
  • Date: 1985-4-16 to 1985-4-19
• Publication Date: 1986

Language

• English

Media Info

• Features: References; Tables;
• Pagination: p. 119-134

Subject/Index Terms

• TRT Terms: Choice models; Cost allocation; Decision making; Elastic analysis; Households; Infrastructure; Licenses; Mode choice; Resource allocation; Socioeconomic factors; Transportation; Transportation planning; Travel time
• Subject Areas: Economics; Operations and Traffic Management; Planning and Forecasting; Society; Transportation (General); I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 00789622
• Record Type: Publication
• ISBN: 9067640603
• Files: TRIS
• Created Date: Mar 25 2000 12:00AM