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| Author: | DeSalvo, J. Huq, M. |
| Title: | Income, residental location, and mode choice |
| Journal: | Journal of Urban Economics
1996 : JUL, VOL. 40:1, p. 84-99 |
| Index terms: | URBAN AREAS ECONOMICS INCOMES |
| Language: | eng |
| Abstract: | Commuters choose a mode, defined in terms of trip speed and time, to minimize the money and opportunity costs of travel. New results: the wage-rate elasticity of marginal commuting cost may be zero, negative, greater than one, or declining with the wage rate; a constant wage-rate elasticity is possible only if the marginal money cost of commuting is zero; a positive value of the marginal money cost of commuting implicitly assumes mode choice. The relationship between income and location seems due largely to technological change in intraurban transportation. |
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