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A behavioral economic perspective on demand responsive transportation

MPS-Authors
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Minnich,  Aljoscha
Group Next generation mobility, Department of Dynamics of Complex Fluids, Max Planck Institute for Dynamics and Self-Organization, Max Planck Society;

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Herbst,  Heiko
Group Next generation mobility, Department of Dynamics of Complex Fluids, Max Planck Institute for Dynamics and Self-Organization, Max Planck Society;

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Herminghaus,  Stephan
Group Collective phenomena far from equilibrium, Department of Dynamics of Complex Fluids, Max Planck Institute for Dynamics and Self-Organization, Max Planck Society;

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Wacker,  Benjamin
Group Next generation mobility, Department of Dynamics of Complex Fluids, Max Planck Institute for Dynamics and Self-Organization, Max Planck Society;

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Schlüter,  Jan Christian
Group Next generation mobility, Department of Dynamics of Complex Fluids, Max Planck Institute for Dynamics and Self-Organization, Max Planck Society;

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Citation

Minnich, A., Herbst, H., Herminghaus, S., Kneib, T., Wacker, B., & Schlüter, J. C. (2024). A behavioral economic perspective on demand responsive transportation. Transportation Research Interdisciplinary Perspectives, 27: 101176. doi:10.1016/j.trip.2024.101176.


Cite as: https://hdl.handle.net/21.11116/0000-000F-DB4B-7
Abstract
In this article, a utility function framework is developed, serving to determine the demand for an upcoming demand responsive transportation system. A linear’public-good game’ (PGG) model is modified in a way that maximizing the consumer surplus is assumed to determine individual decision-making. This modification allows for considering the endowment effect in the function, which is expected to enable for a more precise distinction among customer segments. The purpose of this approach is to create a possibility for including descriptive behavioral economic findings in a normative modeling concept. It shall serve as a theoretical basis for coming empirical investigations.