Previous CV studies of the WTP for road noise reduction have used stated annoyance as an independent variable. We argue … both WTP and annoyance as endogenous variables in a simultaneous equation model as a combination of a linear regression … utilised to estimate WTP without bias. Application of the model to a dataset from Copenhagen indicates a potential for …

willingness-to-pay (WTP) for travel time savings from binomial choice data from a simple time-cost trading experiment involving … of a formulation in log(WTP) space for each mode. Results further indicate that the log(WTP) distribution can be … decomposed into an independent random variable and a linear index shifting the location of the log(WTP) distribution, which is …