Heterogeneity in Motorists' Preferences for Time Travel and Time Reliability: Empirical Findings from Multiple Survey Data Sets and Its Policy Implications
AbstractThe deregulation experience in airline, banking, and telecommunication suggests that the heterogeneity in consumersâ€™ preferences has important policy significance. However, the varied nature in motoristsâ€™ preferences has been hardly recognized in urban passenger transportation sector. In this public sector, the public authority generally offers a uniform class of services to all potential users. This dissertation employs the new advances in econometrics on survey data sets from road pricing experiment in Los Angeles area to study the diversity in motoristsâ€™ preferences for travel time and travel time reliability. The empirical findings are used to explore the efficiency and distributional effects of road pricing that accounts for usersâ€™ heterogeneity. This dissertation found substantial heterogeneity in motoristsâ€™ preferences for both travel time and travel time reliability. Furthermore, based on a simulation model, this dissertation found that road pricing policies catering to varying preferences can substantially increase efficiency while maintaining the same political feasibility as the current experiments. This dissertation also explores how to apply the recent developments in Bayesian econometrics to estimate the multinomial probit models combining different sources of data, which can be used to estimate the diversity in peoplesâ€™ preferences with more flexibility in model specification.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University of California Transportation Center in its series University of California Transportation Center, Working Papers with number qt7nk0v3kj.
Date of creation: 01 Jan 2002
Date of revision:
Contact details of provider:
Postal: 109 McLaughlin Hall, Mail Code 1720, Berkeley, CA 94720-1720
Web page: http://www.escholarship.org/repec/uctc/
More information through EDIRC
Social and Behavioral Sciences;
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Carlos Carrion & David Levinson, 2010.
"Value of Travel Time Reliability: A review of current evidence,"
000085, University of Minnesota: Nexus Research Group.
- Carrion, Carlos & Levinson, David, 2012. "Value of travel time reliability: A review of current evidence," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(4), pages 720-741.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lisa Schiff).
If references are entirely missing, you can add them using this form.