Spring Transportation in China: The Peak-Load Problem with Psychological Factors

Lu Liu

Emerging Markets Finance and Trade, 2014, vol. 50, issue 2S, 100-113

Abstract: Every year around the time of the Chinese New Year, hundreds of millions of people in China return to their hometowns, placing huge pressure on the transportation infrastructure. However, a link between the theoretical model and the Chinese context is missing. This paper provides an in-depth look at the capacity shortage of transportation during Spring Transportation in China. I use a discrete choice model to determine the travel decision mechanism for the potential traveler and extend this model from a single traveler to multiple heterogeneous travelers based on travel distances and the emotional amenity of family reunions.

Keywords: discrete choice model; monopolistic transportation supplier; peak-load problem; psychological factors; Spring Transportation (search for similar items in EconPapers)
Date: 2014
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