IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-01710058.html
   My bibliography  Save this paper

Hurried or Risk-adverse Travelers: who will Pay More for Multimodal Information?

Author

Listed:
  • Sophie Dantan

    (Université Paris-Saclay)

  • Julie Bulteau

    (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes)

  • Isabelle Nicolaï

    (REEDS - Centre international de Recherches en Economie écologique, Eco-innovation et ingénierie du Développement Soutenable - UVSQ - Université de Versailles Saint-Quentin-en-Yvelines)

Abstract

By enabling the use of multimodal information by travelers, public policy can improve the use of soft travel modes and reduce the negative externalities of car use. However, such an eco-innovative multimodal information platform might only be efficient if travelers are willing to use it and pay for its development and update. To evaluate the relevance of the creation of a multimodal platform in the Plateau de Saclay – an area located 20 km south of Paris, very concerned by congestion – this paper measures workers' willingness to pay (WTP) for such a platform from a survey conducted in this area. A multinomial logit with unobserved heterogeneity is estimated to determine marginal WTP for the services that could potentially be provided by the platform. The respective effects of risk aversion and value of travel time on this marginal WTP are also investigated. Some gender differences in the evaluation of the platform and its trip planning are also apparent: men's WTP increases with their value of travel time and decreases with their risk aversion while women's WTP is mainly influenced by the constraints they may face when commuting

Suggested Citation

  • Sophie Dantan & Julie Bulteau & Isabelle Nicolaï, 2015. "Hurried or Risk-adverse Travelers: who will Pay More for Multimodal Information?," Post-Print hal-01710058, HAL.
    • Handle: RePEc:hal:journl:hal-01710058
    DOI: 10.1016/j.proeng.2015.07.355
    Note: View the original document on HAL open archive server: https://hal.science/hal-01710058
    as

    Download full text from publisher

    File URL: https://hal.science/hal-01710058/document
    Download Restriction: no
    File URL: https://libkey.io/10.1016/j.proeng.2015.07.355?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Heckman, James & Singer, Burton, 1984. "A Method for Minimizing the Impact of Distributional Assumptions in Econometric Models for Duration Data," Econometrica, Econometric Society, vol. 52(2), pages 271-320, March.
    2. Nathalie Picard & Andre de Palma & Sophie Dantan, 2013. "Intra-Household Discrete Choice Models Of Mode Choice And Residential Location," Articles, International Journal of Transport Economics, vol. 40(3).
    3. Khattak, Asad J. & Schofer, Joseph L. & Koppelman, Frank S., 1993. "Commuters' enroute diversion and return decisions: Analysis and implications for advanced traveler information systems," Transportation Research Part A: Policy and Practice, Elsevier, vol. 27(2), pages 101-111, April.
    4. de Palma, André & Picard, Nathalie, 2005. "Route choice decision under travel time uncertainty," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(4), pages 295-324, May.
    5. Mohamed Abdel-Aty & M. Abdalla, 2004. "Modeling drivers' diversion from normal routes under ATIS using generalized estimating equations and binomial probit link function," Transportation, Springer, vol. 31(3), pages 327-348, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rémy Le Boennec & Isabelle Nicolaï & Pascal da Costa, 2018. "Implementing a two-step decision-aid tool for the assessment of new mobility offers in a spatial framework," Post-Print halshs-01942700, HAL.
    2. Cristina Pronello & Amandine Duboz & Valentina Rappazzo, 2017. "Towards Smarter Urban Mobility: Willingness to Pay for an Advanced Traveller Information System in Lyon," Sustainability, MDPI, vol. 9(10), pages 1-21, September.
    3. Le Boennec, Rémy & Nicolaï, Isabelle & Da Costa, Pascal, 2019. "Assessing 50 innovative mobility offers in low-density areas: A French application using a two-step decision-aid method," Transport Policy, Elsevier, vol. 83(C), pages 13-25.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gaudry, Marc, 2018. "The utility of journeys, from Dupuit's constant-time bridge crossing hops to commutes of chosen duration and reliability in the Paris region," Transport Policy, Elsevier, vol. 70(C), pages 53-68.
    2. Palma, André de & Lindsey, Robin & Picard, Nathalie, 2015. "Trip-timing decisions and congestion with household scheduling preferences," Economics of Transportation, Elsevier, vol. 4(1), pages 118-131.
    3. Jou, Rong-Chang & Lam, Soi-Hoi & Liu, Yu-Hsin & Chen, Ke-Hong, 2005. "Route switching behavior on freeways with the provision of different types of real-time traffic information," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(5), pages 445-461, June.
    4. Hongcheng Gan & Xin Ye, 2013. "Investigation of drivers' diversion responses to urban freeway variable message signs displaying freeway and local street travel times," Transportation Planning and Technology, Taylor & Francis Journals, vol. 36(8), pages 651-668, December.
    5. Caspar Chorus & Theo Arentze & Harry Timmermans, 2007. "Information impact on quality of multimodal travel choices: conceptualizations and empirical analyses," Transportation, Springer, vol. 34(6), pages 625-645, November.
    6. Patrick Arni & Rafael Lalive & Jan C. Van Ours, 2013. "How Effective Are Unemployment Benefit Sanctions? Looking Beyond Unemployment Exit," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 28(7), pages 1153-1178, November.
    7. Kemptner, Daniel & Tolan, Songül, 2018. "The role of time preferences in educational decision making," Economics of Education Review, Elsevier, vol. 67(C), pages 25-39.
    8. Christelis, Dimitris & Dobrescu, Loretti I. & Motta, Alberto, 2020. "Early life conditions and financial risk-taking in older age," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).
    9. Michelle Sheran Sylvester, 2007. "The Career and Family Choices of Women: A Dynamic Analysis of Labor Force Participation, Schooling, Marriage and Fertility Decisions," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 10(3), pages 367-399, July.
    10. Insoo Cho & Peter F. Orazem, 2021. "How endogenous risk preferences and sample selection affect analysis of firm survival," Small Business Economics, Springer, vol. 56(4), pages 1309-1332, April.
    11. Ali Palali & Jan C. Van ours, 2017. "Love Conquers all but Nicotine: Spousal Peer Effects on the Decision to Quit Smoking," Health Economics, John Wiley & Sons, Ltd., vol. 26(12), pages 1710-1727, December.
    12. Steven M. Lewis & Adrian E. Raftery, 1999. "Bayesian Analysis of Event History Models with Unobserved Heterogeneity via Markov Chain Monte Carlo," Sociological Methods & Research, , vol. 28(1), pages 35-60, August.
    13. Parent, Daniel, 1999. "Wages and Mobility: The Impact of Employer-Provided Training," Journal of Labor Economics, University of Chicago Press, vol. 17(2), pages 298-317, April.
    14. Steven T Berry & Giovanni Compiani, 2023. "An Instrumental Variable Approach to Dynamic Models," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 90(4), pages 1724-1758.
    15. Francesco Devicienti & Valentina Gualtieri & Mariacristina Rossi, 2014. "The Persistence Of Income Poverty And Lifestyle Deprivation: Evidence From Italy," Bulletin of Economic Research, Wiley Blackwell, vol. 66(3), pages 246-278, July.
    16. Elena Casquel & Antoni Cunyat, "undated". "The Welfare Cost of Business Cycles in an Economy with Nonclearing Markets," Working Papers 2005-19, FEDEA.
    17. Brigitte Dormont & Denis Fougère & Ana Prieto, 2001. "L'effet de l'allocation unique dégressive sur la reprise d'emploi," Économie et Statistique, Programme National Persée, vol. 343(1), pages 3-28.
    18. Cockx, Bart & Robin, Stéphane R. & Goebel, Christian, 2006. "Income Support Policies for Part-Time Workers: A Stepping-Stone to Regular Jobs? An Application to Young Long-Term Unemployed Women in Belgium," IZA Discussion Papers 2432, Institute of Labor Economics (IZA).
    19. Hoffman, Mitchell & Burks, Stephen V., 2017. "Worker Overconfidence: Field Evidence and Implications for Employee Turnover and Returns from Training," IZA Discussion Papers 10794, Institute of Labor Economics (IZA).
    20. Pan, Wei & Louis, Thomas A., 1999. "Two semi-parametric empirical Bayes estimators," Computational Statistics & Data Analysis, Elsevier, vol. 30(2), pages 185-196, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-01710058. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.