Information policy in road transport with elastic demand: some welfare economic considerations.
The writers examine the welfare economic effects of information policy regarding road transport with elastic demand. They consider the impact of providing perfect, imperfect, or no information to uninformed and informed potential road users. They assume that the link travel cost functions are stoc...
| Publicado en: | European Economic Review Vol. 42; no. 1; pp. 71 - 96 |
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| Autores principales: | , , |
| Formato: | Artículo |
| Publicado: |
Elsevier Science
January 1998
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=512597033&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 512597033 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00142921 EER jtl: European Economic Review issn: 00142921 maglogo: N pubinfo: dt: January 1998 vid: 42 iid: 1 pid: 1004 pub: Elsevier Science artinfo: ui: 512597033 10.1016/S0014-2921(96)00064-5 ppf: 71 ppct: 25 formats: tig: atl: Information policy in road transport with elastic demand: some welfare economic considerations. aug: au: Emmerink, Richard H. M. Verhoef, Erik T. Nijkamp, Peter su: Information theory in economics Economic equilibrium Travel costs Welfare economics Traffic flow Mathematical models sug: subj: Information theory in economics Economic equilibrium Travel costs Welfare economics Traffic flow Mathematical models ab: The writers examine the welfare economic effects of information policy regarding road transport with elastic demand. They consider the impact of providing perfect, imperfect, or no information to uninformed and informed potential road users. They assume that the link travel cost functions are stochastic, and the information they provide to drivers concerns these random fluctuations. They use an economic equilibrium framework with elastic demand for road usage to account for the interaction between road usage and travel costs. They assume that the actors in the model base their decision making on rational expectations, that demand and link travel cost functions are linear, and that the population of travelers consists of an homogeneous group except for their respective willingness-to-pay for making a trip. They find that both the provision of perfect and imperfect information results in a strict Pareto improvement, and that the more perfect the information, the more efficient the use of the transport network. They outline their findings in relation to a two-link network. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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