Value of travel time reliability: two alternative measures

Mickael Beaud, Thierry Blayac and Maïté Stéphan ()
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Maïté Stéphan: LAMETA - Laboratoire Montpelliérain d'Économie Théorique et Appliquée - UM1 - Université Montpellier 1 - UPVM - Université Paul-Valéry - Montpellier 3 - INRA - Institut National de la Recherche Agronomique - Montpellier SupAgro - Centre international d'études supérieures en sciences agronomiques - UM - Université de Montpellier - CNRS - Centre National de la Recherche Scientifique - Montpellier SupAgro - Institut national d’études supérieures agronomiques de Montpellier

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Abstract: This paper deals with the estimation of the willingness to pay for travel time reliability (VOR). We report on a stated preferences survey and we provide an econometric treatment of the data using a conditional logit model. Estimations are made according to two alternative approaches: The first uses a mean-variance approach and the second uses specific coefficients for the preferences function. Although the two approaches are significantly different, both yield quite similar estimations for the VOR.

Keywords: discrete choice model; stated preferences; value of reliability (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (3)

Published in Procedia - Social and Behavioral Sciences, 2012, 54 (1), pp.349-356. ⟨10.1016/j.sbspro.2012.09.754⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01923412

DOI: 10.1016/j.sbspro.2012.09.754

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