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Value of time, schedule delay and reliability - estimates based on choice behaviour of Dutch commuters facing congestion

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  • Barry Ubbels

    ()

  • Yin-Yen Tseng

    ()

  • Erik T. Verhoef

    ()

Abstract

This 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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File URL: http://www-sre.wu-wien.ac.at/ersa/ersaconfs/ersa05/papers/202.pdf
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Bibliographic Info

Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa05p202.

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Date of creation: Aug 2005
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Handle: RePEc:wiw:wiwrsa:ersa05p202

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  1. Ghosh, Arindam, 2001. "Valuing Time and Reliability: Commuters' Mode Choice from a Real Time Congestion Pricing Experiment," University of California Transportation Center, Working Papers qt9fz0z9kq, University of California Transportation Center.
  2. Small, Kenneth A. & Winston, Clifford & Yan, Jia, 2005. "Uncovering the Distribution of Motorists' Preferences for Travel Time and Reliability," Working paper 179, Regulation2point0.
  3. Small, Kenneth A, 1982. "The Scheduling of Consumer Activities: Work Trips," American Economic Review, American Economic Association, vol. 72(3), pages 467-79, June.
  4. 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.
  5. Jiang, Meilan & Morikawa, Takayuki, 2004. "Theoretical analysis on the variation of value of travel time savings," Transportation Research Part A: Policy and Practice, Elsevier, vol. 38(8), pages 551-571, October.
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Cited by:
  1. Tseng, Yin-Yen & Verhoef, Erik T., 2008. "Value of time by time of day: A stated-preference study," Transportation Research Part B: Methodological, Elsevier, vol. 42(7-8), pages 607-618, August.

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