Value of time, schedule delay and reliability - estimates based on choice behaviour of Dutch commuters facing congestion
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.
|Date of creation:||Aug 2005|
|Date of revision:|
|Contact details of provider:|| Postal: Welthandelsplatz 1, 1020 Vienna, Austria|
Web page: http://www.ersa.org
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- Lam, Terence C. & Small, Kenneth A., 2003.
"The Value of Time and Reliability: Measurement from a Value Pricing Experiment,"
University of California Transportation Center, Working Papers
qt47s4z7z5, University of California Transportation Center.
- 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.
- Lam, T.C. & Small, K.A., 2000. "The Value of Time and Reliability: Measurement from a Value Pricing Experiment," Papers 00-02, California Irvine - School of Social Sciences.
- 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.
- 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.
- Small, Kenneth A, 1982. "The Scheduling of Consumer Activities: Work Trips," American Economic Review, American Economic Association, vol. 72(3), pages 467-79, June.
When requesting a correction, please mention this item's handle: RePEc:wiw:wiwrsa:ersa05p202. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gunther Maier)
If references are entirely missing, you can add them using this form.