Willingness to pay for travel time reliability in passenger transport: A review and some new empirical evidence

被引:244
|
作者
Li, Zheng [1 ]
Hensher, David A. [1 ]
Rose, John M. [1 ]
机构
[1] Univ Sydney, Inst Transport & Logist Studies, Fac Econ & Business, Sydney, NSW 2006, Australia
关键词
Travel time reliability; Passenger transport; Value of travel time savings; Value of reliability; Schedule delay; VALUATION; UNRELIABILITY; VARIABILITY; UNCERTAINTY; DRIVERS; MODEL;
D O I
10.1016/j.tre.2009.12.005
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper reviews and critiques the modelling frameworks and empirical measurement paradigms used to obtain willingness to pay (WTP) for improved travel time reliability, suggesting new directions for ongoing research. We also estimate models to derive values of reliability, scheduling costs and reliability ratios in the context of Australian toll roads and use the new evidence to highlight the important influence of the way that trip time variability is included in stated preference studies in deriving WTP estimates of reliability in absolute terms, and relative to the value of travel time savings. (C) 2009 Elsevier Ltd. All rights reserved.
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页码:384 / 403
页数:20
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