The roles of time and money cost in the demand for air travel are analyzed. The first step is to construct the theory of consumer demand under a time constraint and to deduce its theorems. Then these theorems are applied to air travel through use of a total price demand function. This analysis considers the effects of fare, trip time, airport delay, schedule frequency, trip distance, traveler's wage rates, and non-wage income on the demand for air travel. Many results concerning elasticities are obtained, including a necessary relationship between the time, price, and total price elasticities of demand. Tests of the theorems are performed, the various elasticities are estimates, and the relationship between the elasticities required by the theory is used to obtain an estimate of the value of time in air travel. (Author)


    Zugriff

    Zugriff über TIB

    Verfügbarkeit in meiner Bibliothek prüfen


    Exportieren, teilen und zitieren



    Titel :

    The Value of Time in Air Travel: Theory and Evidence


    Beteiligte:
    A. S. De Vany (Autor:in)

    Erscheinungsdatum :

    1971


    Format / Umfang :

    46 pages


    Medientyp :

    Report


    Format :

    Keine Angabe


    Sprache :

    Englisch






    The value of travel time

    Burns, Lawrence D. | Elsevier | 1980


    Value of Travel Time Savings

    Sheikh, Adnan / Guin, Angshuman / Guensler, Randall | Transportation Research Record | 2019


    The Value of travel time

    Cox, B. E. | TIBKAT | 1983