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The design and interpretation of freight stated preference experiments seeking to elicit behavioural valuations of journey attributes

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  • Fowkes, Tony

Abstract

This paper considers how best to establish user valuations of the benefits for freight traffic from reducing both scheduled journey times and the variability of actual journey times. It first looks at who receives these benefits and establishes a case for delving further. A theoretical discussion then shows that estimated 'values of time' are likely to be conflations of several different effects, most probably varying from study to study. Results are then given from a case study where special care was taken to separate out these effects. As an Adaptive Stated Preference method is used, arguments are presented that counter the suggestion that resulting estimates will necessarily be biased. The paper ends with some conclusions.

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  • Fowkes, Tony, 2007. "The design and interpretation of freight stated preference experiments seeking to elicit behavioural valuations of journey attributes," Transportation Research Part B: Methodological, Elsevier, vol. 41(9), pages 966-980, November.
  • Handle: RePEc:eee:transb:v:41:y:2007:i:9:p:966-980
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    1. DeSerpa, A C, 1971. "A Theory of the Economics of Time," Economic Journal, Royal Economic Society, vol. 81(324), pages 828-846, December.
    2. Shinghal, Nalin & Fowkes, Tony, 2002. "Freight mode choice and adaptive stated preferences," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 38(5), pages 367-378, September.
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    Cited by:

    1. Masiero, Lorenzo & Hensher, David A., 2010. "Analyzing loss aversion and diminishing sensitivity in a freight transport stated choice experiment," Transportation Research Part A: Policy and Practice, Elsevier, vol. 44(5), pages 349-358, June.
    2. Nash, Chris, 2014. "Appraisal in the rail sector: General issues and British experience in dealing with them," Research in Transportation Economics, Elsevier, vol. 47(C), pages 19-26.
    3. Bliemer, Michiel C.J. & Rose, John M., 2011. "Experimental design influences on stated choice outputs: An empirical study in air travel choice," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(1), pages 63-79, January.
    4. Rowangould, Gregory, 2013. "Public financing of private freight rail infrastructure to reduce highway congestion: A case study of public policy and decision making in the United States," Transportation Research Part A: Policy and Practice, Elsevier, vol. 57(C), pages 25-36.
    5. de Jong, Gerard C. & Bliemer, Michiel C.J., 2015. "On including travel time reliability of road traffic in appraisal," Transportation Research Part A: Policy and Practice, Elsevier, vol. 73(C), pages 80-95.
    6. repec:eee:retrec:v:66:y:2017:i:c:p:59-69 is not listed on IDEAS

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