A THEORETICAL JUSTIFICATION OF THE DISUTILITY MODEL OF TRAVEL DEMAND

One standard approach to modeling travel demand attempts to deal with opportunity costs of travel time by assuming that a disutility results from time lost in travel. The aim of this paper is to provide a theoretical justification for this disutility approach to travel demand. The issue arises because the disutility model attempts to capture opportunity costs of travel time without employing the time constraint central to the standard notion of opportunity costs of time. The paper finds that an appropriately restricted disutility model can be justified by means of an interpretation under which a time constraint is implicit in the model. /Author/

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  • Accession Number: 00177148
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Aug 19 1978 12:00AM