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Time and passenger transport

Author

Listed:
  • Yves Crozet

    (LET - Laboratoire d'économie des transports - UL2 - Université Lumière - Lyon 2 - ENTPE - École Nationale des Travaux Publics de l'État - CNRS - Centre National de la Recherche Scientifique)

Abstract

Time is money! Applying this common saying to their own sphere of activity, economists, following the example of Gary Becker, have for the past twenty or thirty years incorporated the issue of time into their analytical reasoning. A scarce resource, time is a topic of study that lends itself particularly well to demonstrations based on the principles of optimisation. Allocating time to the individual activities available when we decide upon our programmes of activity leads to varying levels of utility which rational economic man can choose between. Transport economists, following the work of C. Abraham and M.E. Beesley, have rapidly fallen into step with their generalist colleagues. They have done this by treating travel time as a component of an overall trip cost, termed the generalised cost.

Suggested Citation

  • Yves Crozet, 2005. "Time and passenger transport," Post-Print halshs-00194583, HAL.
    • Handle: RePEc:hal:journl:halshs-00194583
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00194583
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    File URL: https://shs.hal.science/halshs-00194583/document
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    Citations

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    Cited by:

    1. Yves Crozet, 2011. "From the transport economy to sustainable mobility: what role should innovations play? [De l'économie des transports à la mobilité durable : quel rôle pour les innovations ?]," Post-Print halshs-01086708, HAL.
    2. Yves Crozet, 2016. "Hyper-mobilité et politiques publiques - Changer d'époque ?," Post-Print halshs-01328814, HAL.
    3. Shen, Yu & de Abreu e Silva, João & Martínez, Luis Miguel, 2014. "Assessing High-Speed Rail’s impacts on land cover change in large urban areas based on spatial mixed logit methods: a case study of Madrid Atocha railway station from 1990 to 2006," Journal of Transport Geography, Elsevier, vol. 41(C), pages 184-196.

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