Theoretical Foundations of Travel Choice Modeling

Documents the theoretical foundations of travel choice modeling. Divided into three parts, Microeconomic Theory, Behavioral Decision Theory and Statistical Theory, this book extends approaches to travel choice modeling beyond the consumer theory developed in economics by applying theories from the fields of geography, psychology and statistics.

Theoretical foundations of travel choice modeling: an introduction (T. Garling et al.). Microeconomic Theory. Individual and collective decision making: application to travel choice (A. de Palma). Time and income in travel choice: towards a microeconomic activity-based theoretical framework (S.R. Jara-Diaz). Extending valuation to controlled value functions and non-uniform scaling with generalized unobserved variances (D.A. Hensher). The end of equilibrium (P. Goodwin). Microeconomic theory: a commentatory (S. Algers). Behavioral Decision Theory. The perspective from behavioural decision theory on modeling travel choice (O. Svenson). Travel choice in congestions: modeling and research needs (E. Stern). Bounded rationality in commuter decision dynamics: incorporating trip chaining in departure time and route switching decisions (H.S. Mahmassani, Rong-Chang Jou). Time in travel choice modeling: from relative obscurity to center stage (E.I. Pas). Two computational process models of activity-travel choice (Ryuichi Kitamura, Satoshi Fujii). Information representation for driver decision support systems (Mei-Po Kwan et al.). Can we ever obtain the data we would like to have? (K.W. Axhausen). Behavioral decision theory: problems and prospects (J. Polak). Statistical Theory. Measuring willingness-to-pay for transportation improvements (D. McFadden). A model of household choice of activity participation and mobility (T.F. Golob). Household travel surveys: new perspectives and old problems (P.R Stopher). Multiple imputation methodology for missing data, non-random response, and panel attritition (D. Brownstone). Forecasting demand for new travel alternatives (A. Daly, C. Rohr). Statistical theory: summary and future research possibilities (C. Bhat). Subject index. Name index.