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The Value of Time and Reliability: Measurement from a Value Pricing Experiment

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Author Info
Lam, T.C.
Small, K.A.

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Abstract

We measure values of time and reliability from 1998 data on actual behavior of commuters on State Route 91 in Orange Country, California, where they choose between a free and a variably-tolled route. For each route at each time of day and for each day of the week, the distribution of travel times across different weeks is measured using loop detector data.

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Publisher Info
Paper provided by California Irvine - School of Social Sciences in its series Papers with number 00-02.

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Length: 35 pages
Date of creation: 2000
Date of revision:
Handle: RePEc:fth:calirv:00-02

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Postal: UNIVERSITY OF CALIFORNIA IRVINE, SCHOOL OF SOCIAL SCIENCES, IRVINECALIFORNIA 91717 U.S.A.

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Related research
Keywords: PRICES ; EXPERIMENTS ; BEHAVIOUR;

Find related papers by JEL classification:
C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
D3 - Microeconomics - - Distribution

Cited by:
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  1. Yin-Yen Tseng, 2004. "A meta-analysis of travel time reliability," ERSA conference papers ersa04p415, European Regional Science Association. [Downloadable!]
  2. Barry Ubbels & Yin-Yen Tseng & Erik T. Verhoef, 2005. "Value of time, schedule delay and reliability - estimates based on choice behaviour of Dutch commuters facing congestion," ERSA conference papers ersa05p202, European Regional Science Association. [Downloadable!]
  3. Dirk Van Amelsfort & Michiel Bliemer, 2005. "Valuation of uncertainty in travel time and arrival time - some findings from a choice experiment," ERSA conference papers ersa05p721, European Regional Science Association. [Downloadable!]
  4. Brian Smalkoski & David Levinson, 2005. "Value of Time for Commercial Vehicle Operators," Working Papers 200501, University of Minnesota: Nexus Research Group. [Downloadable!]
  5. Andre Palma & Moshe Ben-Akiva & David Brownstone & Charles Holt & Thierry Magnac & Daniel McFadden & Peter Moffatt & Nathalie Picard & Kenneth Train & Peter Wakker & Joan Walker, 2008. "Risk, uncertainty and discrete choice models," Marketing Letters, Springer, vol. 19(3), pages 269-285, December. [Downloadable!] (restricted)
    Other versions:
    • André de Palma & Moshe Ben-Akiva & David Brownstone & Charles Holt & Thierry Magnac & Daniel McFadden & Peter Moffatt & Nathalie Picard & Kenneth Train & Peter Wakker & Joan Walker, 2008. "Risk, Uncertainty and Discrete Choice Models," THEMA Working Papers 2008-02, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise. [Downloadable!]
  6. Lei Zhang & Feng xie & David Levinson, 2007. "Variation of Subjective Value of Travel Time on Freeways and Ramp Meters," Working Papers 000022, University of Minnesota: Nexus Research Group. [Downloadable!]
  7. Yannick Gabuthy & Matthieu Neveu & Laurent Denant-Boemont, 2006. "The Coordination Problem in a Structural Model of Peak-Period Congestion: An Experimental Study," Review of Network Economics, Concept Economics, vol. 5(2), pages 273-298, June. [Downloadable!]
  8. Anna Matas & Javier Asensio, 2007. "Commuters’ valuation of travel time variability in Barcelona," Working Papers wpdea0701, Department of Applied Economics at Universitat Autonoma of Barcelona. [Downloadable!]
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