The Rule-of-a-Half and Interpreting the Consumer Surplus as Accessibility

Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review

Standard

The Rule-of-a-Half and Interpreting the Consumer Surplus as Accessibility. / Fosgerau, Mogens; Pilegaard, Ninette.

International Encyclopedia of Transportation. ed. / Roger Vickerman. Vol. 1 Elsevier, 2021. p. 237-241 (International Encyclopedia of Transportation).

Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review

Harvard

Fosgerau, M & Pilegaard, N 2021, The Rule-of-a-Half and Interpreting the Consumer Surplus as Accessibility. in R Vickerman (ed.), International Encyclopedia of Transportation. vol. 1, Elsevier, International Encyclopedia of Transportation, pp. 237-241. https://doi.org/10.1016/b978-0-08-102671-7.10045-4

APA

Fosgerau, M., & Pilegaard, N. (2021). The Rule-of-a-Half and Interpreting the Consumer Surplus as Accessibility. In R. Vickerman (Ed.), International Encyclopedia of Transportation (Vol. 1, pp. 237-241). Elsevier. International Encyclopedia of Transportation https://doi.org/10.1016/b978-0-08-102671-7.10045-4

Vancouver

Fosgerau M, Pilegaard N. The Rule-of-a-Half and Interpreting the Consumer Surplus as Accessibility. In Vickerman R, editor, International Encyclopedia of Transportation. Vol. 1. Elsevier. 2021. p. 237-241. (International Encyclopedia of Transportation). https://doi.org/10.1016/b978-0-08-102671-7.10045-4

Author

Fosgerau, Mogens ; Pilegaard, Ninette. / The Rule-of-a-Half and Interpreting the Consumer Surplus as Accessibility. International Encyclopedia of Transportation. editor / Roger Vickerman. Vol. 1 Elsevier, 2021. pp. 237-241 (International Encyclopedia of Transportation).

Bibtex

@inbook{97c8cf230844485a82a113d829160999,
title = "The Rule-of-a-Half and Interpreting the Consumer Surplus as Accessibility",
abstract = "Transport infrastructure projects are typically appraised on the basis of travel costs and demand predictions from a traffic model—using the so-called rule-of-a-half to approximately measure the change in consumer surplus as an area under the demand curve. Alternatively, when the traffic model is a standard discrete choice model, the change in consumer surplus is equal to the change in the expected maximum utility of the discrete choice model, which in turn has an interpretation as a change in accessibility. When the traffic model has the nested logit form, the change in accessibility can be calculated in terms of so-called logsums.",
author = "Mogens Fosgerau and Ninette Pilegaard",
year = "2021",
doi = "10.1016/b978-0-08-102671-7.10045-4",
language = "English",
volume = "1",
series = "International Encyclopedia of Transportation",
pages = "237--241",
editor = "Roger Vickerman",
booktitle = "International Encyclopedia of Transportation",
publisher = "Elsevier",

}

RIS

TY - CHAP

T1 - The Rule-of-a-Half and Interpreting the Consumer Surplus as Accessibility

AU - Fosgerau, Mogens

AU - Pilegaard, Ninette

PY - 2021

Y1 - 2021

N2 - Transport infrastructure projects are typically appraised on the basis of travel costs and demand predictions from a traffic model—using the so-called rule-of-a-half to approximately measure the change in consumer surplus as an area under the demand curve. Alternatively, when the traffic model is a standard discrete choice model, the change in consumer surplus is equal to the change in the expected maximum utility of the discrete choice model, which in turn has an interpretation as a change in accessibility. When the traffic model has the nested logit form, the change in accessibility can be calculated in terms of so-called logsums.

AB - Transport infrastructure projects are typically appraised on the basis of travel costs and demand predictions from a traffic model—using the so-called rule-of-a-half to approximately measure the change in consumer surplus as an area under the demand curve. Alternatively, when the traffic model is a standard discrete choice model, the change in consumer surplus is equal to the change in the expected maximum utility of the discrete choice model, which in turn has an interpretation as a change in accessibility. When the traffic model has the nested logit form, the change in accessibility can be calculated in terms of so-called logsums.

U2 - 10.1016/b978-0-08-102671-7.10045-4

DO - 10.1016/b978-0-08-102671-7.10045-4

M3 - Book chapter

VL - 1

T3 - International Encyclopedia of Transportation

SP - 237

EP - 241

BT - International Encyclopedia of Transportation

A2 - Vickerman, Roger

PB - Elsevier

ER -

ID: 282875122