search query: @indexterm commuter transport / total: 16
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| Author: | Ommeren, J. Van Dargay, J. |
| Title: | The optimal choice of commuting speed: consequences for commuting time, distance and costs |
| Journal: | Journal of Transport Economics and Policy
2006 : MAY, VOL. 40:2, p. 279-286 |
| Index terms: | commuter transport costs United Kingdom |
| Freeterms: | communting speed |
| Language: | eng |
| Abstract: | This article derives a structural model for commuting speed. It is presumed that commuting speed is chosen to minimise commuting costs, which encompass both monetary and time costs. At faster speed levels, the monetary costs increase, but the time costs fall. Using data from the UK, it is demonstrated that the income elasticity of commuting speed is approximately 0.13. The ratio of variable monetary costs to travel time costs is estimated to be about 0.14. An implication of this is that as incomes rise commuters choose faster modes, despite their higher monetary costs. |
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