200
Views
8
CrossRef citations to date
0
Altmetric
Original Articles

Flexibility of Transport Choice in a Real-Option Setting: An Experimental Case Study

&
Pages 140-153 | Published online: 26 Jul 2010

REFERENCES

  • Alpetunnel . 1999 . Nouvelle liaison ferroviaire transalpine Lyon-Turin [New transalpine railway between Lyon and Turin] , Paris : SNCF .
  • Arrow , K. J. and Fisher , A. C. 1974 . Environmental preservation, uncertainty and irreversibility . Quarterly Journal of Economics , 88 : 312 – 319 .
  • Avineri , E. and Prashker , J. N. 2006 . The impact of travel time information on travelers' learning under uncertainty . Transportation , 33 : 393 – 408 .
  • Camerer , C. 1995 . “ Individual decision-making ” . In The handbook of experimental economics , Edited by: Kagel , J. H. and Roth , A. E. 587 – 703 . Princeton, NJ : Princeton University Press .
  • Chavas , J.-P. and Mularkey , D. 2002 . On the valuation of uncertainty in welfare analysis . American Journal of Agricultural Economics , 84 : 23 – 38 .
  • Commissariat Général du Plan . 2001 . Transports: Choix des investissements et coût des nuisances [Transports: Investment Choice and Environmental Costs] , Paris : La Documentation Française .
  • De Bondt , W. F. and Thaler , R. 1985 . Does the stock market overreact? . Journal of Finance , 40 : 793 – 805 .
  • De Bondt , W. F. and Thaler , R. 1987 . Further evidence on investor overreaction and stock market seasonality . Journal of Finance , 42 : 557 – 577 .
  • Denant-Boemont , L. and Petiot , R. 2003 . Information value and sequential decision-making in a transport setting: An experimental study . Transportation Research Part B , 37 : 365 – 386 .
  • Dia , H. 2002 . An agent-based approach to modelling driver route choice behavior under the influence of real-time information . Transportation Research Part C , 10 : 331 – 349 .
  • Fischer , A. C. 2000 . Investment under uncertainty and option value in environmental economics . Resource and Energy Economics , 22 : 197 – 204 .
  • Flyvbjerg , B. , Bruzelius , N. and Rotthengatter , W. 2003 . Megaprojects and risk , Cambridge, England : Cambridge University Press .
  • Gabuthy , Y. , Neveu , M. and Denant-Boèmont , L. 2006 . The coordination problem in a structural model of peak-period congestion: An experimental study . Review of Network Economics , 2 : 273 – 298 .
  • Henry , C. 1974 . Investment decisions under uncertainty: the irreversibility effect . American Economic Review , 64 : 1006 – 1012 .
  • Hicks , R. J. 2002 . A comparison of stated and revealed preference methods for environmental management , Williamsburg, Virginia : College of William and Mary . Working Paper
  • Holt , C. A. and Laury , S. K. 2002 . Risk aversion and incentive effects . American Economic Review , 92 : 1644 – 1655 .
  • Institut National de la Statistique et des Études Économiques . 2004 . Les comptes des transports en 2003 [Transport Statistics in 2003] Paris
  • Kagel , J. H. and Roth , A. E. 1995 . The handbook of experimental economics , Princeton, NJ : Princeton University Press .
  • Kreps , D. 1979 . A representation theorem for “preference for flexibility.” . Econometrica , 47 : 565 – 577 .
  • Levy , M. and Levy , H. 2001 . Testing for risk aversion: A stochastic dominance approach . Economic Letters , 71 : 233 – 240 .
  • Ministère des Transports . 1998 . Circulaire des routes [Roads legal circular] , Paris : Ministère de l'Equipement, du Logement et des Transports .
  • Offerman , T. and Sonnemans , J. 2000 . What's causing overreaction? An experimental investigation of recency and the hot hand effect, mimeo . The Scandinavian Journal of Economics , 106 : 533 – 554 .
  • Rapoport , A. , Kugler , T. , Duglar , S. and Gisches , E. 2005 . Choice of routes in congested traffic networks: Experimental tests of the Braess paradox , Tucson : University of Arizona . Working paper
  • Schmöcker , J. and Lo , H. 2009 . Special issue on improving network reliability through ITS technologies . Journal of Intelligent Transportation Systems , 13 ( 1 )
  • Selten , R. , Schreckenberg , M. , Chmura , T. , Pitz , T. , Kube , S. Hafstein , S. F. 2004 . “ Experimental investigations of day-to-day route choice behavior and network simulations of autobahn traffic in Nord Rhine-Westphalia ” . In Human behavior and traffic networks , Edited by: Schreckenberg , M. and Selten , R. 325 – 331 . Berlin, Germany : Springer-Verlag .
  • Smith , V. 1976 . Experimental economics: Induced value theory . American Economic Review , 66 : 274 – 279 .
  • Société Nationale des Chemins de fer Français . 1992 . Développement d'une ligne au gabarit fret et d'un service d'autoroute ferroviaire, deux projets: Nord-Bourgogne, Bourgogne-Méditerranée Paris
  • Société Nationale des Chemins de fer Français . 1993 . L'autoroute ferroviaire: Principes et application à la liaison transalpine Paris
  • Swee Tua , N. , Ruey Long , C. and Der-Horng , L. 2006 . Simulation evaluation of the benefits of real-time traffic information to trucks during incidents . Journal of Intelligent Transportation Systems , 10 : 89 – 99 .
  • Toledo , T. and Beinhaker , R. 2006 . Evaluation of the potential benefits of advanced traveler information systems . Journal of Intelligent Transportation Systems , 10 : 173 – 183 .
  • United Nations, Social and Economic Council . 2003 . Activities and developments in UNECE members countries bodies and other organizations of interest to the working party—New developments in the field of combined transport in UNECE member countries Available at http://www.unece.org/trans/wp24/documents/inf-1e.pdf

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.