Equilibria and Information Provision in Risky Networks with Risk-Averse Drivers

References

• Abdel-Aty M. A., Kitamura R., Jovanis P. P., Vaughn K. M. Understanding commuters attitudes, uncertainties, and decision-making and their implications of route choice. (1994) . Institute of Transportation Studies Research Report UCD-ITS-RR-94-5, University of California at Davis, Davis, CAGoogle Scholar
• Allais M. Le comportement de l’Homme rationnel devant le risque: Critique des postulats et axiomes de l’Ecole américaine. Econometrica (1953) 21(5):503–546Crossref, Google Scholar
• Arnott R., de Palma A., Lindsey R. Does providing information to road drivers reduce congestion? Transportation Res. Part A (1991) 25(5):309–318Crossref, Google Scholar
• Arnott R., de Palma A., Lindsey R. Information and usage of free-access congestible facilities with stochastic capacity and demand. Internat. Econom. Rev. (1996) 37:181–203Crossref, Google Scholar
• Camerer C. F. An experimental test of several generalized utility theories. J. Risk Uncertainty (1989) 2:61–104Crossref, Google Scholar
• de Palma A., Picard N. Route choice decision under travel time uncertainty. Transportation Res. Part A (2005) 39(4):295–324Google Scholar
• de Palma A., Picard N., Reggiani A., Nijkamp P. Route choice behavior with risk averse users. Spatial Evolution and Modelling (2006a) (Edward Elgar, Cheltenham, UK) 139–178Ch. 7Crossref, Google Scholar
• de Palma André, Picard N. Route choice and uncertainty when drivers can learn. (2006b) . THEMA, Cergy-Pontoise, FranceGoogle Scholar
• Gollier C.The Economics of Risk and Time (2001) (MIT Press, Cambridge, MA) Crossref, Google Scholar
• Hartog J., Ferrer-I-Carbonell A., Jonker N. On a simple survey measure of individual risk aversion. (2000) . Working Paper 363, CESifo Working Paper Series, http://papers.ssrn.com/sol3/papers.cfm?abstract_id=260938Google Scholar
• Kagel J. H., Roth A. E.Handbook of Experimental Economics (1995) (Princeton University Press, Princeton, NJ) Google Scholar
• Kahneman D., Tversky A. Prospect theory: An analysis of decision under risk. Econometrica (1979) 47:263–291Crossref, Google Scholar
• Levinson D. M. The value of advanced traveler information systems for route choice. Transportation Res. Part C (2003) 11:75–87Crossref, Google Scholar
• Machina M. Choice under uncertainty: Problems solved and unsolved. J. Econom. Perspectives (1982) 1:281–296Google Scholar
• McFadden D. Economic choices. Amer. Econom. Rev. (2001) 93(3):351–378Crossref, Google Scholar
• Noland R. B., Small K. Travel time uncertainty, departure time choice, and the cost of morning commutes. Transportation Res. Record (1995) 1493:150–158Google Scholar
• Prigent J.-L., Toumi S. Portfolio management with safety criteria in complete financial markets. Internat. J. Bus. (2005) 10(3):233–250Google Scholar
• Sheffi Y.Urban Transportation Networks: Equilibrium Analysis with Mathematical Programming Methods (1985) (Prentice Hall, Englewood Cliffs, NJ) Google Scholar
• Small K., Winston C., Yan J. Uncovering the distribution of motorists’ preferences for travel time and reliability. Econometrica (2005) 73:1367–1382Crossref, Google Scholar
• Zhang R., Verhoef E. T. A monopolistic market for advanced traveller information systems and road use efficiency. (2004) . Tinbergen Institute Discussion Paper TI 2004-014/3, http://www.tinbergen.nl/discussionpapers/04014.pdfGoogle Scholar