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Using a range of nonparametric methods, the paper examines the specification of a model to evaluate the willingness-to-pay (WTP) for travel time changes from binomial choice data from a simple time-cost trading experiment. The analysis favours a model with random WTP as the only source of...
Persistent link: https://www.econbiz.de/10005236016
Transport infrastructure is long-term and in appraisal it is necessary to value travel time savings for future years. This requires knowing how the value of time (VTT) will develop over time as incomes grow. This paper investigates if the cross-sectional income elasticity of the VTT is equal to...
Persistent link: https://www.econbiz.de/10011043451
Recent methodological advances in discrete choice analysis in combination with certain stated choice experiments have allowed researchers to check empirically the identification of the distribution of latent variables such as the value of travel time (VTT). Lack of identification is likely to be...
Persistent link: https://www.econbiz.de/10011043453
The gradually accelerating pace at which tolls are being implemented or actively considered around the world suggests that road pricing is an idea whose time may finally have come. Nevertheless, various design considerations must be addressed and public acceptability hurdles overcome if road...
Persistent link: https://www.econbiz.de/10005270928
New developments in transportation systems and the increasing complexities of urban living are creating challenges and opportunities to comprehensively address transportation problems. The key to exploiting new opportunities lies in understanding how travelers would respond to changes in the...
Persistent link: https://www.econbiz.de/10005271006
We study route choice behavior when travel time is uncertain. In this case, users choice depends both on expected travel time and travel time variability. We collected survey data in the Paris area and analyzed them using a method based on the ordered probit. This leads to an ordinal as well as...
Persistent link: https://www.econbiz.de/10005271007