Economics at your fingertips  

High-speed rail, inter-modal substitution and willingness-to-pay. A stated preference analysis for the ‘Bari-Rome’

Angela Bergantino and Leonardo Madio ()

No 17_6, Working Papers from SIET Società Italiana di Economia dei Trasporti e della Logistica

Abstract: We study the demand and the willingness-to-pay for a new High-Speed (HSR) line on the Bari-Rome route, and its indirect effect on the connected Brindisi-Rome line, when competing with other existing transport modes. We carry out a discrete choice experiment over a significant number of respondents. We find that reductions in access and egress (A/E) time are more valued than in-vehicle travel time if HSR is available (faster services) while, when only traditional services are available, the opposite is true. This confirms that fragmented journeys, for faster connections, yield greater disutility and this would be the greater competitive advantage of HSR services. We also explore the heterogeneity among respondents, by studying the relationship between in-vehicle, and A/E travel time considering different population segments, i.e. different income levels, travel habits (frequent or occasional), and travel purposes, in order to profile potential users. We also study the patterns of the inter-modal substitutability. We find that increasing the travel distance by 120 km (to Brindisi) still guarantees large substitution between HSR and air transport mode.

Date: 2017
New Economics Papers: this item is included in nep-dcm, nep-tre and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) ... ity_WP_SIET_2017.pdf First version, (application/pdf)

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:

Access Statistics for this paper

More papers in Working Papers from SIET Società Italiana di Economia dei Trasporti e della Logistica Contact information at EDIRC.
Bibliographic data for series maintained by Edoardo Marcucci ().

Page updated 2021-11-16
Handle: RePEc:sit:wpaper:17_6