ESTIMATING THE COST OF TRAVEL: EVIDENCE FROM THE STATE ROUTE 91 IN CALIFORNIA

This paper studies a number of commuters' traveling choices using survey loop data. From their revealed choices of tolled and untolled lanes on State Route 91 in California, the values of travel time and reliability are derived; the former is about 52% of one's gross wage rate whereas people are clearly more aversive to travel time uncertainty: the value of reliability is about 150% of that of travel time savings. The results show that income is the most important factor whether one purchases an electronic transponder to use the tolled lanes or not; males are found less likely to use the toll lanes.

• Corporate Authors:

  Transportation Research Forum

  One Farragut Square South, Suite 500
  Washington, DC  United States  20006-4003
• Authors:
  • Lam, Terence
• Conference:
  • Proceedings of the 42nd Annual Meeting of the Transportation Research Forum
  • Location: Annapolis, Maryland
  • Date: 2000-11-29 to 2000-12-1
• Publication Date: 2000

Language

• English

Media Info

• Features: References; Tables;
• Pagination: p. 677-714

Subject/Index Terms

• TRT Terms: Benefit cost analysis; Commuters; Electronics; Empirical methods; Estimating; Mode choice; Surveys; Toll roads; Transponders; Travel time
• Geographic Terms: California
• Subject Areas: Highways; Operations and Traffic Management; Passenger Transportation; Planning and Forecasting; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 00804801
• Record Type: Publication
• Files: TRIS
• Created Date: Jan 11 2001 12:00AM