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Modeling Willingness-to-Pay Values for Rural Bus Attributes Under Different Trip Purposes

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  • Phanikumar, C.V.
  • Maitra, Bhargab

Abstract

The paper focuses on estimating willingness-to-pay (WTP) values associated with attributes of bus travel in rural regions of a developing country. Using stated choice data, Multinomial Logit (MNL) and Random Parameter Logit (RPL) models with constrained triangular distribution for random parameters are developed for various trip purposes. WTP values are estimated for travel time, travel discomfort and headway of service. It is found that WTP values of job trips are highest among all trips, followed by recreation and business trips; and the values for discomfort are found to be highly sensitive to trip purpose. Also, it is found that the MNL model underestimated WTP values more than the RPL model.

Suggested Citation

  • Phanikumar, C.V. & Maitra, Bhargab, 2006. "Modeling Willingness-to-Pay Values for Rural Bus Attributes Under Different Trip Purposes," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 45(2).
    • Handle: RePEc:ags:ndjtrf:206787
    DOI: 10.22004/ag.econ.206787
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    References listed on IDEAS

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    Cited by:

    1. Gelo, Dambala & Koch, Steven F., 2012. "Does one size fit all? Heterogeneity in the valuation of community forestry programs," Ecological Economics, Elsevier, vol. 74(C), pages 85-94.
    2. Mohammad Rashid & Debapratim Pandit, 2019. "Analysis of service quality of household toilets expected by households practicing open defecation: a study in rural settlements of Bihar, India," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 21(5), pages 2487-2506, October.
    3. Nicanor R. Roxas & Alexis M. Fillone, 2016. "Establishing value of time for the inter-island passenger transport of the Western Visayas region, Philippines," Transportation, Springer, vol. 43(4), pages 661-676, July.

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