Motivated by the theory of phase transition dynamics, we consider one-dimensional, nonlinear hyperbolic conservation laws with nonconvex flux-function containing vanishing nonlinear diffusive-dispersive terms. Searching for traveling wave solutions, we establish general results of existence, uniqueness, monotonicity, and asymptotic behavior. In particular, we investigate the properties of the traveling waves in the limits of dominant diffusion, dominant dispersion, and asymptotically small or large shock strength. As the diffusion and dispersion parameters tend to 0, the traveling waves converge to shock wave solutions of the conservation law, which either satisfy the classical Oleinik entropy criterion or are nonclassical undercompressive shocks violating it. © 2002 Elsevier Science