Nebiyou Tilahun David Levinson () (Nexus (Networks, Economics, and Urban Systems) Research Group, Department of Civil Engineering, University of Minnesota)
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This study estimates Value of Time differences between people who arrived at their destination as planned and those that were delayed. The analysis is based on the I-394 MnPASS High Occupancy/Toll (HOT) lane project recently implemented in the Minneapolis/St. Paul region. Using a Stated Preference survey, the individuals are asked about a trip they have taken before, and asked if they would opt for the free route or pay and go on the HOT lanes. The analysis groups the travelers into subscribers and non-subscribers of the MnPASS (electronic toll collection transponder) system and further decomposes choices into categories based on trip time and experience (delayed or not). Trip times were divided into morning peak, afternoon peak, and off peak and trip experience was divided into delayed and not delayed, creating six categories. The findings suggest an increased willingness to pay among subscribers who were late to reduce travel time in the PM rush hour. As well, we find some evidence that individuals who were late during the AM peak have a lower VOT as compared to their on-time counterparts.
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Publisher Info
Paper provided by University of Minnesota: Nexus Research Group in its series Working Papers with number
000021.
Length: Date of creation: 2005 Date of revision: Handle: RePEc:nex:wpaper:unexpecteddelay
Contact details of provider: Postal: Dept. of Civil Engineering, 500 Pillsbury Drive SE, Minneapolis, MN 55455 Phone: +01 (612) 625-6354 Fax: +01 (612) 626-7750 Web page: http://nexus.umn.edu More information through EDIRC
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Find related papers by JEL classification: R40 - Urban, Rural, and Regional Economics - - Transportation Systems - - - General R48 - Urban, Rural, and Regional Economics - - Transportation Systems - - - Government Pricing; Regulatory Policies D10 - Microeconomics - - Household Behavior - - - General D8 - Microeconomics - - Information, Knowledge, and Uncertainty
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