Analyzing discrepancies between willingness to pay and willingness to accept for freight transport attributes

María Feo-Valero, Ana Isabel Arencibia and Concepción Román

Transportation Research Part E: Logistics and Transportation Review, 2016, vol. 89, issue C, 151-164

Abstract: In this paper we use discrete choice data to analyze asymmetries in the preference for freight transport attributes. A reference dependent utility specification allowed us to test for the existence of substantial asymmetries in perception of the transport cost. Hence, the re-estimation of our models in the WTP/WTA space helped us to quantify significant discrepancies between the WTP and WTA for the attributes included in the choice experiment, namely transit time, service frequency and delays in delivery time. Results are deemed essential to define alternative services to road capable to attract substantial volumes of freight.

Keywords: Freight transport; Discrete choice experiments; Stated preference; Prospect theory; Reference alternative; Asymmetric preferences; Willingness to pay; Willingness to accept (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:transe:v:89:y:2016:i:c:p:151-164

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DOI: 10.1016/j.tre.2016.03.004

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