External benefits of a road transportation system with vehicle-to-everything communications

Hye-Jeong Lee, Seung-Hoon Yoo, Sesil Lim and Sung-Yoon Huh

Transport Policy, 2023, vol. 134, issue C, 128-138

Abstract: Greenhouse gas (GHG) emissions on roads accounts for about three-quarters of the total emissions of the transport sector, and therefore it is vital to reduce them. South Korea plans to expand 30% of all roads to the cooperative intelligent transport system (C-ITS). This transport system uses vehicle-to-everything communication technologies to reduce GHG emissions by 2030. This study analysed the external benefits of expanding C-ITS using the preference data from a choice experiment. A mixed logit model is used to analyse the heterogeneity of the respondents’ preferences. We find that the marginal willingness to pay for reducing traffic congestion, reducing traffic accidents, improving fuel economy, reducing particulate matter emissions and reducing GHG emissions are KRW 137.63/%, KRW 189.92/%, KRW 82.71/%, KRW 447.47/%, and KRW 81.03/%, respectively. It is expected that this result will provide basic data and implications for related transportation policies.

Keywords: V2X communication; Stated preference techniques; Discrete choice model; Willingness to pay; Carbon emissions (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0967070X23000409
Full text for ScienceDirect subscribers only

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:eee:trapol:v:134:y:2023:i:c:p:128-138

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

DOI: 10.1016/j.tranpol.2023.02.015

Access Statistics for this article

Transport Policy is currently edited by Y. Hayashi

More articles in Transport Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().