EconPapers    
Economics at your fingertips  
 

Uncovering the Distribution of Motorists' Preferences for Travel Time and Reliability

Kenneth Small (), Clifford Winston () and Jia Yan ()

Econometrica, 2005, vol. 73, issue 4, 1367-1382

Abstract: We apply recent econometric advances to study the distribution of commuters' preferences for speedy and reliable highway travel. Our analysis applies mixed logit to combined revealed and stated preference data on commuter choices of whether to pay a toll for congestion-free express travel. We find that motorists exhibit high values of travel time and reliability, and substantial heterogeneity in those values. We suggest that road pricing policies designed to cater to such varying preferences can improve efficiency and reduce the disparity of welfare impacts compared with recent pricing experiments. Copyright The Econometric Society 2005.

Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (167) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1111/j.1468-0262.2005.00619.x link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecm:emetrp:v:73:y:2005:i:4:p:1367-1382

Ordering information: This journal article can be ordered from
https://www.economet ... ordering-back-issues

Access Statistics for this article

Econometrica is currently edited by Daron Acemoglu

More articles in Econometrica from Econometric Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing ().

 
Page updated 2019-10-17
Handle: RePEc:ecm:emetrp:v:73:y:2005:i:4:p:1367-1382