Choice behaviour might be determined by asymmetric preferences whether the consumers are faced with gains or losses. This paper investigates loss aversion and diminishing sensitivity, and analyzes their implications on willingness to pay and willingness to accept measures in a reference pivoted...

Populations of post-industrial nations are aging. With a growing number of people living well into their 80s and maintaining active lives, the transportation system will have to start focussing more closely on understanding their mobility and accessibility needs, so as to ensure that specific...