The report examines the suggestion that the total amount of time, money or generalized cost spent on personal travel may be constant over time, in cross-section or under changes of travel costs or policies. Invariant expenditure of either time or money on travel is inconsistent with rational economic behavior and with conventional transport modelling. A theoretical analysis concludes that generalized expenditure on travel might be invariant. (Copyright (c) Crown Copyright 1979.)


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    Title :

    Expenditure of Time and Money on Travel


    Contributors:

    Publication date :

    1979


    Size :

    32 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English




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