Showing 1 - 10 of 61
This paper examines the variation in the value of travel time savings (VTTS) for travelers with a managed lane (ML) option when taking an ordinary trip versus a trip that is unusual in some way. VTTS estimates vary substantially depending on the urgency of the trip made. At the low end, the mean...
Persistent link: https://www.econbiz.de/10010624023
This research examined travel behavior of Managed Lane (ML) users to better understand the value travelers place on travel time savings and travel time reliability. We also highlight the importance of survey design techniques. These objectives were accomplished through a stated preference survey...
Persistent link: https://www.econbiz.de/10010599298
This research investigated the change in carpooling on U.S. roadways once high occupancy/toll (HOT) lanes began on those roadways. HOT lanes generally allow carpools to travel on the lane for free while charging a toll for single occupant vehicles (SOVs) to use the lane. In most cases these...
Persistent link: https://www.econbiz.de/10010784905
This research examined the major changes in a corridor due to high occupancy/toll (HOT) lane implementation. This was accomplished by comparing the impacts of HOT lanes on three pairs of HOT lanes with similar design and operational characteristics. These pairwise comparisons of similar HOT...
Persistent link: https://www.econbiz.de/10010867348
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Risk aversion is well established in the health and safety literature, and ambiguity is addressed in theoretical and experimental economics literature, but few theoretically-consistent empirical models addressing the relationship between ambiguity, risk, and preferences exist. Even fewer address...
Persistent link: https://www.econbiz.de/10005522995
A model of recreation demand is developed to determine the role of water levels in determining participation at and frequency of trips taken to various federal reservoirs and rivers in the Columbia River Basin. Contingent behavior data are required to break the near-perfect multicollinearities...
Persistent link: https://www.econbiz.de/10005525415
The cost of travel time has commonly been incorporated in recreation demand models as some fucntion of the wage rate. This paper proposes a new methodology of determining the value of leisure time. The proposed method is compared to other alternatives and shown to yield more appropriate welfare...
Persistent link: https://www.econbiz.de/10005536441
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