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Experimental Economics and choice in transportation: Incentives and context
School of Civil and Environmental Engineering at UNSW, Australia.
Australian School of Business at UNSW, Australia.
Örebro University, Orebro University School of Business, Örebro University, Sweden. Center for Economic Analysis, Georgia State University, United States; University of Cape Town, South Africa.
School of Civil and Environmental Engineering at Purdue University, United States.
2017 (English)In: Transportation Research Part C: Emerging Technologies, ISSN 0968-090X, E-ISSN 1879-2359, Vol. 77, 161-184 p.Article in journal (Refereed) Published
Abstract [en]

This paper reviews the preconditions for successful applications of Experimental Economics methods to research on transportation problems, as new transportation and research technologies emerge. We argue that the application of properly designed incentives, the hallmark of Experimental Economics, provides a high degree of experimental control, leading to internal validity and incentive compatibility. Both of these are essential for ensuring that findings generalize to contexts outside the immediate application. New technologies, such as virtual reality simulators, can generate external validity for the experiments by providing realistic contexts. GPS and other tracking technologies, as well as smart phones, smart cards and connected vehicle technologies can allow detailed observations on actions and real-time interactions with drivers in field experiments. Proper application of these new technologies in research requires an understanding of how to maintain a high level of internal validity and incentive compatibility as external validity is increased. In this review of past applications of Experimental Economics to transportation we focus on their success in achieving external and internal validity.

Place, publisher, year, edition, pages
Elsevier, 2017. Vol. 77, 161-184 p.
Keyword [en]
Transportation; Experimental Economics; Induced Value Theory; Traffic equilibrium; Safety; Travel choices; Driving simulator; Virtual reality; External validity; Internal validity
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:oru:diva-57491DOI: 10.1016/j.trc.2017.01.011ISI: 000398875600010ScopusID: 2-s2.0-85011934001OAI: oai:DiVA.org:oru-57491DiVA: diva2:1091202
Note

Funding Agencies:

United States Federal Highway Administration  DTFH61-09-H-00012

Australian Research Council  DP150103299

Available from: 2017-04-26 Created: 2017-04-26 Last updated: 2017-05-10Bibliographically approved

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Orebro University School of Business, Örebro University, Sweden
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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
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