Reference-Dependent Stochastic User Equilibrium with Endogenous Reference Points
We consider the application of reference-dependent consumer choice theory to traffic assignment on transportation networks. Route choice is modelled based on random utility maximisation with systematic utility embodying loss aversion for the travel time and money expenditure attributes. Stochastic u...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
TU Delft OPEN Publishing
2013-04-01
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| Series: | European Journal of Transport and Infrastructure Research |
| Online Access: | https://journals.open.tudelft.nl/ejtir/article/view/2994 |