Value of time, schedule delay and reliability - estimates based on choice behaviour of Dutch commuters facing congestion
AbstractThis paper presents the results of a large stated choice experiment among Dutch commuters facing congestion. The experiment consisted of a fractional factorial design with 15 different attributes, three alternatives were car specific and the other was always public transport. Various model specifications have been estimated on the collected choice data allowing us to analyse choice behaviour of road users and determine their values of time, schedule delay (both late and early) and reliability (or uncertainty). In this paper we present the estimates of the best-fitting discrete choice models and interpret the results.
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Bibliographic InfoPaper provided by European Regional Science Association in its series ERSA conference papers with number ersa05p202.
Date of creation: Aug 2005
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-02-05 (All new papers)
- NEP-DCM-2006-02-05 (Discrete Choice Models)
- NEP-EXP-2006-02-05 (Experimental Economics)
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