Selfishness and Altruism in the Distribution of Travel Time and Income
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Selfishness and Altruism in the Distribution of Travel Time and Income
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2013
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Kluwer Academic Publishers
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Article
Abstract
Most economic models assume that individuals act out their preferences based on their own self interest. However there have also been other paradigms in the economics literature that have tried to capture alternative manifestations of human behavior that include fairness. This study examines people's preferences when it comes to their travel time and their income and what type of trade offs they are willing to make to live in a society where the distributions of travel time and income are fairer. Using a stated preference experiment we find that when it comes to travel time, individuals are more concerned with societal average travel time, followed by their own travel time and finally by large inequalities in the society, while in the case of income they are more concerned with their own income, followed by societal average and finally by inequality.
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http://dx.doi.org/10.1007/s11116-013-9456-7
Previously Published Citation
Tilahun, Nebiyou, and David Levinson (2013) Selfishness and Altruism in the Distribution of Travel Time and Income. Transportation 40(5) 1043-1061.
Suggested citation
Tilahun, Nebiyou J; Levinson, David M. (2013). Selfishness and Altruism in the Distribution of Travel Time and Income. Retrieved from the University Digital Conservancy, http://dx.doi.org/10.1007/s11116-013-9456-7.
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