Author
Listed:
- Hai-Jun Huang
(School of Management, Beijing University of Aeronautics and Astronautics, Beijing, 100083, P.R. China Department of Civil and Structural Engineering, The Hong Kong University of Science and Technology, Kowloon, Hong Kong Transport Operations Research Group, Department of Civil Engineering, University of Newcastle, Newcastle-upon-Tyne, NE1 7RU, UK)
- Hai Yang
(School of Management, Beijing University of Aeronautics and Astronautics, Beijing, 100083, P.R. China Department of Civil and Structural Engineering, The Hong Kong University of Science and Technology, Kowloon, Hong Kong Transport Operations Research Group, Department of Civil Engineering, University of Newcastle, Newcastle-upon-Tyne, NE1 7RU, UK)
- Michael G.H. Bell
(School of Management, Beijing University of Aeronautics and Astronautics, Beijing, 100083, P.R. China Department of Civil and Structural Engineering, The Hong Kong University of Science and Technology, Kowloon, Hong Kong Transport Operations Research Group, Department of Civil Engineering, University of Newcastle, Newcastle-upon-Tyne, NE1 7RU, UK)
AbstractFor studying carpooling problems, this paper presents two models, namely deterministic and stochastic, and gives the economic explanations to the model solutions. We investigate the jockeying behavior of work commuters between carpooling and driving alone modes through solving each model for both no-toll equilibrium and social optimum. The logit-based stochastic model involves the consideration on preference option of mode choice. Under some assumptions, the paper explains how the amount of carpooling is affected by fuel cost, assembly cost, value of time, preferential or attitudinal factors and traffic congestion. It is found that carpooling is sensitive to traffic congestion reduction only when a congestion externality-based tolling scheme is implemented.
Suggested Citation
Hai-Jun Huang & Hai Yang & Michael G.H. Bell, 2000.
"The models and economics of carpools,"
The Annals of Regional Science, Springer;Western Regional Science Association, vol. 34(1), pages 55-68.
Handle:
RePEc:spr:anresc:v:34:y:2000:i:1:p:55-68
Note: Received: August 1997/Accepted: October 1998
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:anresc:v:34:y:2000:i:1:p:55-68. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
We have no bibliographic references for this item. You can help adding them by using this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through
the various RePEc services.