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Conventional hedonic analysis measures willingness to pay for attributes on the basis of marginal fixed costs. We argue that in many cases variable costs are also affected by these attributes and that this should be taken into account. We develop a simple model to show that the marginal...
Persistent link: https://www.econbiz.de/10011382696
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This paper proposes an alternative, dynamic framework for estimatingtime-varying values of travel time savings and values of schedule delay, in whichtime-preferences are represented as the time-varying excess willingness to pay(EWPT) to being in the one location, over being elsewhere. It is...
Persistent link: https://www.econbiz.de/10011372988
generations' willingness to pay (WTP) and the PV of their willingness to accept compensation (WTA); second, the discount rates … implicit in the computation of the PVs are endogenous, and rising (declining) over time for the future generations' WTP (WTA …
Persistent link: https://www.econbiz.de/10010227375
This paper reports the results of a stated preference study investigating the Willingness-to-pay (WTP) of employees at … under development in The Netherlands. For non-shopping facilities, the results show that employees have the highest WTP for … average WTP for the presence of non-shopping facilities amounts to approximately € 29 per month per employee. The WTP for the …
Persistent link: https://www.econbiz.de/10011346472
This paper presents a method to assess the distribution of values of time, and values of statistical life, over participants to a stated choice experiment, that does not require the researcher to make an a priori assumption on the type of distribution, as is required for example for mixed logit...
Persistent link: https://www.econbiz.de/10011376457
Urban re-development projects may generate various positive as well as negative spatial externalities to the existing population in a given area. This study aims to assess the order of magnitude of the expected net benefits for incumbent residents from a large scale project in the Southern part...
Persistent link: https://www.econbiz.de/10011377822
In stated choice (SC) data inconsistent and lexicographic choice behavior is often observed. It is sometimes recommended to remove data with these characteristics from the analysis. In this paper we reconsider this recommendation. In our data many respondents have inconsistent choice patterns,...
Persistent link: https://www.econbiz.de/10011335227
We study the trip scheduling preferences of train commuters in a real-life setting. The underlying data have been collected during large-scale peak avoidance experiment conducted in the Netherlands, in which participants could earn monetary rewards for traveling outside peak hours. The...
Persistent link: https://www.econbiz.de/10011295719
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