Abstract Usually accepted assumptions on the role of income in transport demand modelling are changed, in order to better account for the reality within developing countries. The usual specification of representative utility is shown to be inadequate and new forms are suggested. In particular, an expenditure rate is proposed to replace the wage rate which usually divides mode cost. Measures of both users' benefits and value of time are also shown to change. Some empirical results previously reported within developed countries are shown to be better explained under this new approach.


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    Title :

    Transport demand and users' benefits with fixed income: The goods/leisure trade off revisited


    Contributors:

    Published in:

    Publication date :

    1986-07-15


    Size :

    6 pages




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English



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