The Optimal Choice of Commuting Speed: Consequences for Commuting Time, Distance and Costs

Jos van Ommeren () and Joyce Dargay ()
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Joyce Dargay: ESRC Transport Studies Unit, University College London

No 04-092/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: This discussion paper resulted in a publication in the 'Journal of Transport Economics and Policy', 2006, 40(2), 279-296.

In this paper, we derive a structural model for commuting speed. We presume 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 Great Britain, we demonstrate that the income elasticity of commuting speed is 0.126. The ratio of variable monetary costs to travel time costs is 0.14.

Keywords: commuting; speed; travel demand modelling (search for similar items in EconPapers)
JEL-codes: R41 (search for similar items in EconPapers)
Date: 2004-08-24
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Related works:
Journal Article: The Optimal Choice of Commuting Speed: Consequences for Commuting Time, Distance and Costs (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20040092

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