nfitz
Superstar
If you were doing a proper transport demand model, you would end up with a dollar amount that people value their time at. So the "cost" of travel includes the extra time. And perhaps you even have a "cost" of bus versus rail.
At the same time, you have to account for many people, the cost of the car doesn't include much of the $8,000 (I thought it was closer to $6,000) a year car cost. The car is already there, so your only looking at the marginal cost, not the average cost.
At the same time, you have to account for many people, the cost of the car doesn't include much of the $8,000 (I thought it was closer to $6,000) a year car cost. The car is already there, so your only looking at the marginal cost, not the average cost.