Value of Travel Time Reliability: Two Alternative Measures

This paper deals with the estimation of the willingness to pay for travel time reliability (VOR). The authors report on a stated preferences survey and they provide an econometric treatment of the data using a conditional logit model. Estimations are made according to two alternative approaches: The first uses a mean-variance approach and the second uses specific coefficients for the preferences function. Although the two approaches are significantly different, both yield quite similar estimations for the VOR.


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  • Accession Number: 01487404
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jul 3 2013 1:35PM