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The value of headway for a scheduled service

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  • Fosgerau, Mogens

Abstract

This brief paper derives the value of headway, i.e. the time interval between departures, for a scheduled service. It presents a consistent framework in which users have scheduling costs, time costs and planning costs. The model represents both users who arrive at the station to choose just the next departure and users who plan for a specific departure. Planning for a specific departure is costly but becomes more attractive at longer headways. Simple expressions for the user cost result. In particular, the marginal cost of headway is large at short headways and smaller at long headways. The difference in marginal costs is the value of time multiplied by half the headway.

Suggested Citation

  • Fosgerau, Mogens, 2008. "The value of headway for a scheduled service," MPRA Paper 11995, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:11995
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    File URL: https://mpra.ub.uni-muenchen.de/42275/2/MPRA_paper_42275.pdf
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    References listed on IDEAS

    as
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    2. Vickrey, William S, 1969. "Congestion Theory and Transport Investment," American Economic Review, American Economic Association, vol. 59(2), pages 251-260, May.
    3. Small, Kenneth A, 1982. "The Scheduling of Consumer Activities: Work Trips," American Economic Review, American Economic Association, vol. 72(3), pages 467-479, June.
    4. Bates, John & Polak, John & Jones, Peter & Cook, Andrew, 0. "The valuation of reliability for personal travel," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 37(2-3), pages 191-229, April.
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    Cited by:

    1. Ait Ali, Abderrahman & Warg, Jennifer & Eliasson, Jonas, 2020. "Pricing commercial train path requests based on societal costs," Transportation Research Part A: Policy and Practice, Elsevier, vol. 132(C), pages 452-464.

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    More about this item

    Keywords

    Time; Scheduling; Public transport; Aviation;
    All these keywords.

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise

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