The design and interpretation of freight stated preference experiments seeking to elicit behavioural valuations of journey attributes
AbstractThis paper considers how best to establish user valuations of the benefits for freight traffic from reducing both scheduled journey times and the variability of actual journey times. It first looks at who receives these benefits and establishes a case for delving further. A theoretical discussion then shows that estimated 'values of time' are likely to be conflations of several different effects, most probably varying from study to study. Results are then given from a case study where special care was taken to separate out these effects. As an Adaptive Stated Preference method is used, arguments are presented that counter the suggestion that resulting estimates will necessarily be biased. The paper ends with some conclusions.
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Bibliographic InfoArticle provided by Elsevier in its journal Transportation Research Part B: Methodological.
Volume (Year): 41 (2007)
Issue (Month): 9 (November)
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Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/548/description#description
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- DeSerpa, A C, 1971. "A Theory of the Economics of Time," Economic Journal, Royal Economic Society, vol. 81(324), pages 828-46, December.
- Shinghal, Nalin & Fowkes, Tony, 2002. "Freight mode choice and adaptive stated preferences," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 38(5), pages 367-378, September.
- Lorenzo Masiero & David A. Hensher, 2010.
"Analyzing loss aversion and diminishing sensitivity in a freight transport stated choice experiment,"
Quaderni della facoltÃ di Scienze economiche dell'UniversitÃ di Lugano
1004, USI Università della Svizzera italiana.
- Masiero, Lorenzo & Hensher, David A., 2010. "Analyzing loss aversion and diminishing sensitivity in a freight transport stated choice experiment," Transportation Research Part A: Policy and Practice, Elsevier, vol. 44(5), pages 349-358, June.
- Rowangould, Gregory, 2013. "Public financing of private freight rail infrastructure to reduce highway congestion: A case study of public policy and decision making in the United States," Transportation Research Part A: Policy and Practice, Elsevier, vol. 57(C), pages 25-36.
- Bliemer, Michiel C.J. & Rose, John M., 2011. "Experimental design influences on stated choice outputs: An empirical study in air travel choice," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(1), pages 63-79, January.
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