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Title:

Random Utility-Based Microeconomic Model for Discretionary Activity Time Allocation

Accession Number:

01099522

Record Type:

Component

Availability:

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Order URL: http://worldcat.org/isbn/9780309113243

Abstract:

This paper proposes a microeconomic model for activity time allocation analysis that recognizes the random nature of daily time allocation, while also focusing on activities as a direct source of individual utility. More specifically, different levels of satisfaction (or utility) are gained from activity participation depending on the amount of time allocated to and the type of goods utilized in daily activities. The proposed model represents individual utility as a function of activity participation, accounts for the budget constraint in activity time allocation, allows for the interindividual and interactivity variation of utility, and considers the entire sphere of discretionary activities (in-home as well as out-of-home activities and trips). The aim of this study is to show how including a budget constraint in random utility models avoids overestimating the times allocated to activities and trips estimated by earlier random utility-based models that consider only time constraints. In particular, estimates of in-home and out-of-home discretionary activity and trip times for a sample of Italian single individuals from the 2003 National Institute of Statistics (ISTAT) Time Use Survey are presented. Compared with the estimates obtained using the simply time-constrained model with no budget constraint, the empirical findings show the variable effects to be interpreted in the same way. A greater number of significant variables in the double-constrained model denote greater complexity of the phenomenon to be represented. Incorporating the budget constraint diminishes the effect of some variables on activity time allocation.

Monograph Accession #:

01113825

Language:

English

Authors:

Meloni, Italo
Bez, Massimiliano
Spissu, Erika

Pagination:

pp 74-82

Publication Date:

2008

Serial:

Transportation Research Record: Journal of the Transportation Research Board

Issue Number: 2054
Publisher: Transportation Research Board
ISSN: 0361-1981

ISBN:

9780309113243

Media Type:

Print

Features:

References (25) ; Tables (4)

Geographic Terms:

Subject Areas:

Economics; Highways; Planning and Forecasting; I72: Traffic and Transport Planning

Files:

TRIS, TRB, ATRI

Created Date:

Jan 29 2008 4:50PM

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