Abstract
A general framework is presented which integrates destination choice and travel behavior with a more general model of the behavior of households. The general approach treats households as producers which use tangible goods as inputs to produce the more abstract commodities which are the direct objects of utility. The approach is adapted for spatial choice behavior by defining the inputs to household production as place-bound entities. Consumption of these inputs requires expenditures of both time and money at particular locations. Households' choices are subject to time constraints as well as monetary constraints, and additional constraints ensure that the necessary travel takes place. Household equilibrium involves the selection of places and the associated demand theory accommodates statements about the demand for places and the demand for travel.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.