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Preference Heterogeneity and Willingness to Pay for Travel Time Savings

Author

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  • Francisco Amador
  • Rosa González
  • Juan Ortúzar

Abstract

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Suggested Citation

  • Francisco Amador & Rosa González & Juan Ortúzar, 2005. "Preference Heterogeneity and Willingness to Pay for Travel Time Savings," Transportation, Springer, vol. 32(6), pages 627-647, November.
    • Handle: RePEc:kap:transp:v:32:y:2005:i:6:p:627-647
    DOI: 10.1007/s11116-005-3734-y
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    References listed on IDEAS

    as
    1. Algers, S. & Bergstrom, P. & Dahlberg, M. & Dillen, J.L., 1998. "Mixed Logit Estimation of the Value of Travel Time," Papers 1998:15, Uppsala - Working Paper Series.
    2. Alpizar, Francisco & Carlsson, Fredrik, 2003. "Policy implications and analysis of the determinants of travel mode choice: an application of choice experiments to metropolitan Costa Rica," Environment and Development Economics, Cambridge University Press, vol. 8(4), pages 603-619, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Bayesian methods; compensated variation; preference heterogeneity; random parameters logit; social welfare; subjective value of travel time; D61; C25; R41; C11; social welfare; subjective value of travel time;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General

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