How do people choose their commuting mode? An evolutionary approach to transport choices
Simone Borghesi,
Chiara Calastri and
Giorgio Fagiolo (giorgio.fagiolo@santannapisa.it)
LEM Papers Series from Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy
Abstract:
The issue of transportation is of primary importance in our societies. A large share of greenhouse gases is generated by the transport sector, and road casualties are one among the most common causes of death. In the present work, we study commuter choice between alternative transport modes using an evolutionary- game model, wherein commuters can choose between using their private car or taking the bus. We examine the possible dynamics that can emerge in a homogeneous urban population, where agents are boundedly rational and imitate the others. We obtain a different number of equilibria depending on the values of the parameters of the model. We carry out comparative-static exercises and examine possible policy measures that can be implemented in order to modify the agents' payoff, and consequently the equilibria of the system, leading the society towards more sustainable transportation patterns.
Keywords: Commuter choices; Transportation; Evolutionary dynamics; Environmental policy (search for similar items in EconPapers)
Date: 2014-08-09
New Economics Papers: this item is included in nep-env, nep-evo, nep-ger, nep-tre and nep-ure
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Citations: View citations in EconPapers (2)
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Persistent link: https://EconPapers.repec.org/RePEc:ssa:lemwps:2014/15
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