Passenger demand and, in particular, mode choice between the islands of Gran Canaria and Tenerife has experienced important changes in the last decade. In 2005 the jetfoil, which had been the dominant mode for many years, was replaced by a slower but cheaper fast ferry service. This induced...

The value of fatal risk reductions is a vital input for road safety cost-benefit analysis and has been traditionally estimated by means of contingent valuation in spite of the growing criticism surrounding this approach. Furthermore, many scholars believe that risk-money trade-offs are not well...

This paper examines variations in travellers' choice of transport mode for inter-island trips when journey conditions are changed, either in the total time spent on the journey, the fare level, or in the provision of additional supply. The route studied is the route between Gran Canaria and...

We formulate a microeconomic model of residential location choice behavior as an aggregate of the individual behaviors of household members, subject to individual time constraints and a common income budget. A simplified version of the model is estimated from stated preference rank-order data,...

In this paper we report on two applications of the willingness-to-pay (WTP) approach to valuing transport externalities in Santiago, Chile. The first involves a contingent valuation study of mortality risk due in part to pollution-related causes, and the second, a stated preference study for...

Mixed-logit models are currently the state of the art in discrete-choice modelling, and their estimation in various forms (in particular, mixing revealed-preference and stated-preference data) is becoming increasingly popular. Although the theory behind these models is fairly simple, the...

The valuation of externalities in transport planning is a serious and difficult business. Many methods advocated and used in the past, such as hedonic pricing, the human capital approach and contingent valuation; have been rightly criticised for their many shortcomings. Among specialist there is...

Choice modelling has been one of the most active fields in economics over recent years. This valuable new book contains leading contributions from academics and practitioners from across the different areas of study where choice modelling is a key analytical technique, drawn from a recent...

In January 2013 the interurban passenger transport market in Germany was liberalized and several coach carriers emerged offering an alternative to the Deutsche Bahn, a state owned rail monopoly. The coach carriers have attempted to position themselves not just through lower prices but also...