Introducing the Expenditure Rate in the Estimation of Mode Choice Models

Sergio R. Jara-Diaz · Juan de Dios Ortúzar

44 citations0/0 files storedJournal of Transport Economics and Policy

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Transportation Planning and Optimization Urban Transport and Accessibility Economic and Environmental Valuation

Abstract

A minute saved on a journey cannot normally be used to earn extra money. Therefore in mode choice models the wage rate should be replaced by the expenditure rate (purchasing power per unit of time available to spend it), based on per capita family income.

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1977Urban Travel Demand: A Behavioral Analysis 1978The goods/leisure tradeoff and disaggregate work trip mode choice models 1987Empirical test of a constrained choice discrete model: Mode choice in São Paulo, Brazil 1989Value of time sensitivity to model specification 1989Detection of income effect in mode choice: Theory and application 1987Transport demand and users' benefits with fixed income: The goods/leisure trade off revisited

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