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Commuters’ valuation of travel time variability in Barcelona

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  • Javier Asensio

    ()
    (Departament d'Economia Aplicada, Universitat Autonoma de Barcelona)

  • Anna Matas

    ()
    (Departament d'Economia Aplicada, Universitat Autonoma de Barcelona)

Abstract

The value given by commuters to the variability of travel times is empirically analysed using stated preference data from Barcelona (Spain). Respondents are asked to choose between alternatives that differ in terms of cost, average travel time, variability of travel times and departure time. Different specifications of a scheduling choice model are used to measure the influence of various socioeconomic characteristics. Our results show that travel time variability.

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File URL: http://www.ecap.uab.es/RePEc/doc/wpdea0701.pdf
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Bibliographic Info

Paper provided by Department of Applied Economics at Universitat Autonoma of Barcelona in its series Working Papers with number wpdea0701.

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Length: 23 pages
Date of creation: Jan 2007
Date of revision:
Handle: RePEc:uab:wprdea:wpdea0701

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Keywords: travel time variability; value of time; commuting; stated preference;

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  1. Lam, Terence C. & Small, Kenneth A., 0. "The value of time and reliability: measurement from a value pricing experiment," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 37(2-3), pages 231-251, April.
  2. repec:reg:wpaper:179 is not listed on IDEAS
  3. Robert B. Noland & John W. Polak, 2002. "Travel time variability: A review of theoretical and empirical issues," Transport Reviews, Taylor & Francis Journals, vol. 22(1), pages 39-54, January.
  4. Noland, R.B. & Small, K.A. & Koskenoja, P.M. & Chu, X., 1996. "Simulating Travel Reliability," Papers 95-96-7, California Irvine - School of Social Sciences.
  5. Small, Kenneth A, 1982. "The Scheduling of Consumer Activities: Work Trips," American Economic Review, American Economic Association, vol. 72(3), pages 467-79, June.
  6. Kenneth A. Small & Clifford Winston & Jia Yan, 2005. "Uncovering the Distribution of Motorists' Preferences for Travel Time and Reliability," Econometrica, Econometric Society, vol. 73(4), pages 1367-1382, 07.
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