INFORMATION AND RATIONAL EXPECTATIONS IN MODELING DRIVER INFORMATION SYSTEMS: A WELFARE MEASUREMENT. IN: BEHAVIORAL AND NETWORK IMPACTS OF DRIVER INFORMATION SYSTEMS

This paper presents an analytical framework to measure the economic values of information systems for route investigation. The welfare measurement is made by use of the random expected utility model with rational expectations. The drivers' expectations can endogenously emerge in rational expectation equilibria. The paper is organized as follows: the REE model is formulated in Section 4.2; the framework to measure the economic benefit of information systems is present in Section 4.3; drivers' willingness-to-pay measures for information systems are formulated in Section 4.4; and we present numerical examples in Section 4.5.

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  • Corporate Authors:

    Ashgate Publishing Company

    110 Cherry Street, Suite 3-1
    Burlington, VT  United States  05401-3818
  • Authors:
    • Kobayashi, K
    • Tatano, H
  • Publication Date: 1999

Language

  • English

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Filing Info

  • Accession Number: 00794233
  • Record Type: Publication
  • ISBN: 1840145064
  • Files: TRIS
  • Created Date: Jun 28 2000 12:00AM