Willingness to Pay for Travel Time Reliability in Passenger Transport: a Review and Some New Empirical Evidence

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. The authors 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.

Language

  • English

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 01152527
  • Record Type: Publication
  • Files: TRIS, ATRI
  • Created Date: Feb 23 2010 10:52AM