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Willingness to pay for travel time reliability in passenger transport: A review and some new empirical evidence

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Cited by:

  1. John Rolfe & Jill Windle, 2015. "Do Respondents Adjust Their Expected Utility in the Presence of an Outcome Certainty Attribute in a Choice Experiment?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 60(1), pages 125-142, January.
  2. Wang, Zhaohan & Ramezani, Mohsen & Levinson, David, 2024. "How mandatory are ‘Mandatory’ lane changes? An analytical and experimental study on the costs of missing freeway exits," Transportation Research Part B: Methodological, Elsevier, vol. 186(C).
  3. Mickaël Beaud & Thierry Blayac & Maïté Stéphan, 2014. "Measurements and properties of the values of time and reliability," Working Papers 14-06, LAMETA, Universtiy of Montpellier, revised Jul 2014.
  4. Borsky, Stefan & Unterberger, Christian, 2019. "Bad weather and flight delays: The impact of sudden and slow onset weather events," Economics of Transportation, Elsevier, vol. 18(C), pages 10-26.
  5. Xu, Xiangdong & Chen, Anthony & Cheng, Lin & Yang, Chao, 2017. "A link-based mean-excess traffic equilibrium model under uncertainty," Transportation Research Part B: Methodological, Elsevier, vol. 95(C), pages 53-75.
  6. Gao, Kun & Sun, Lijun & Yang, Ying & Meng, Fanyu & Qu, Xiaobo, 2021. "Cumulative prospect theory coupled with multi-attribute decision making for modeling travel behavior," Transportation Research Part A: Policy and Practice, Elsevier, vol. 148(C), pages 1-21.
  7. Nikhil Sikka & Paul Hanley, 2013. "What do commuters think travel time reliability is worth? Calculating economic value of reducing the frequency and extent of unexpected delays," Transportation, Springer, vol. 40(5), pages 903-919, September.
  8. Guerrero-Baena, M. Dolores & Villanueva, Anastasio J. & Gómez-Limón, José A. & Glenk, Klaus, 2019. "Willingness to pay for improved irrigation water supply reliability: An approach based on probability density functions," Agricultural Water Management, Elsevier, vol. 217(C), pages 11-22.
  9. Brey, Raúl & Walker, Joan L., 2011. "Latent temporal preferences: An application to airline travel," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(9), pages 880-895, November.
  10. repec:hal:journl:hal-03403442 is not listed on IDEAS
  11. Kim, Sung Hoo & Chung, Jin-Hyuk, 2018. "Exploration on origin–destination-based travel time variability: Insights from Seoul metropolitan area," Journal of Transport Geography, Elsevier, vol. 70(C), pages 104-113.
  12. Carrion, Carlos & Levinson, David, 2012. "Value of travel time reliability: A review of current evidence," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(4), pages 720-741.
  13. Yen, Barbara T.H. & Mulley, Corinne & Tseng, Wen-Chun, 2018. "Inter-modal competition in an urbanised area: Heavy rail and busways," Research in Transportation Economics, Elsevier, vol. 69(C), pages 77-85.
  14. Koster, Paul R. & Koster, Hans R.A., 2015. "Commuters’ preferences for fast and reliable travel: A semi-parametric estimation approach," Transportation Research Part B: Methodological, Elsevier, vol. 81(P1), pages 289-301.
  15. Morten Skou Nicolaisen & Patrick A. Driscoll, 2016. "An International Review of Ex-Post Project Evaluation Schemes in the Transport Sector," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 18(01), pages 1-33, March.
  16. Collins, Mor & Etzioni, Shelly & Ben-Elia, Eran, 2024. "Travel behavior and system dynamics in a simple gamified automated multimodal network," Transportation Research Part A: Policy and Practice, Elsevier, vol. 183(C).
  17. Bardal, Kjersti Granås, 2017. "Impacts of adverse weather on Arctic road transport," Journal of Transport Geography, Elsevier, vol. 59(C), pages 49-58.
  18. Nikita V. Martyushev & Boris V. Malozyomov & Olga A. Filina & Svetlana N. Sorokova & Egor A. Efremenkov & Denis V. Valuev & Mengxu Qi, 2023. "Stochastic Models and Processing Probabilistic Data for Solving the Problem of Improving the Electric Freight Transport Reliability," Mathematics, MDPI, vol. 11(23), pages 1-19, November.
  19. Soza-Parra, Jaime & Raveau, Sebastián & Muñoz, Juan Carlos, 2021. "Travel preferences of public transport users under uneven headways," Transportation Research Part A: Policy and Practice, Elsevier, vol. 147(C), pages 61-75.
  20. Li, Yanan & Li, Xiang & Zhang, Sicheng, 2021. "Optimal pricing of customized bus services and ride-sharing based on a competitive game model," Omega, Elsevier, vol. 103(C).
  21. Li, Hao & Tu, Huizhao & Hensher, David A., 2016. "Integrating the mean–variance and scheduling approaches to allow for schedule delay and trip time variability under uncertainty," Transportation Research Part A: Policy and Practice, Elsevier, vol. 89(C), pages 151-163.
  22. Li, Zheng & Hensher, David A., 2012. "Congestion charging and car use: A review of stated preference and opinion studies and market monitoring evidence," Transport Policy, Elsevier, vol. 20(C), pages 47-61.
  23. Bhat, Chandra R., 2011. "The maximum approximate composite marginal likelihood (MACML) estimation of multinomial probit-based unordered response choice models," Transportation Research Part B: Methodological, Elsevier, vol. 45(7), pages 923-939, August.
  24. Dixit, Vinayak V. & Harb, Rami C. & Martínez-Correa, Jimmy & Rutström, Elisabet E., 2015. "Measuring risk aversion to guide transportation policy: Contexts, incentives, and respondents," Transportation Research Part A: Policy and Practice, Elsevier, vol. 80(C), pages 15-34.
  25. Liu, Jie & He, Mingwei & Schonfeld, Paul M. & Kato, Hironori & Li, Anjun, 2022. "Measures of accessibility incorporating time reliability for an urban rail transit network: A case study in Wuhan, China," Transportation Research Part A: Policy and Practice, Elsevier, vol. 165(C), pages 471-489.
  26. Teppei Kato & Kenetsu Uchida & William H. K. Lam & Agachai Sumalee, 2021. "Estimation of the value of travel time and of travel time reliability for heterogeneous drivers in a road network," Transportation, Springer, vol. 48(4), pages 1639-1670, August.
  27. Paul Koster & Eric Pels & Erik Verhoef, 2016. "The User Costs of Air Travel Delay Variability," Transportation Science, INFORMS, vol. 50(1), pages 120-131, February.
  28. Benezech, Vincent & Coulombel, Nicolas, 2013. "The value of service reliability," Transportation Research Part B: Methodological, Elsevier, vol. 58(C), pages 1-15.
  29. Zhaoqi Zang & Richard Batley & Xiangdong Xu & David Z. W. Wang, 2022. "On the value of distribution tail in the valuation of travel time variability," Papers 2207.06293, arXiv.org, revised Dec 2023.
  30. MELIS, Lissa & SÖRENSEN, Kenneth, 2021. "The real-time on-demand bus routing problem: What is the cost of dynamic requests?," Working Papers 2021003, University of Antwerp, Faculty of Business and Economics.
  31. Wang, Judith Y.T. & Ehrgott, Matthias & Chen, Anthony, 2014. "A bi-objective user equilibrium model of travel time reliability in a road network," Transportation Research Part B: Methodological, Elsevier, vol. 66(C), pages 4-15.
  32. Li, Zheng & Hensher, David A., 2011. "Crowding and public transport: A review of willingness to pay evidence and its relevance in project appraisal," Transport Policy, Elsevier, vol. 18(6), pages 880-887, November.
  33. Shi, Feng & Zhou, Zhao & Yao, Jia & Huang, Helai, 2012. "Incorporating transfer reliability into equilibrium analysis of railway passenger flow," European Journal of Operational Research, Elsevier, vol. 220(2), pages 378-385.
  34. David Hensher & John Rose & Zheng Li, 2012. "Does the choice model method and/or the data matter?," Transportation, Springer, vol. 39(2), pages 351-385, March.
  35. Judith Y. T. Wang & Richard D. Connors, 2018. "Urban Growth, Transport Planning, Air Quality and Health: A Multi-Objective Spatial Analysis Framework for a Linear Monocentric City," Networks and Spatial Economics, Springer, vol. 18(4), pages 839-874, December.
  36. Oliveira, Eduardo Leal de & Portugal, Licínio da Silva & Porto Junior, Walter, 2016. "Indicators of reliability and vulnerability: Similarities and differences in ranking links of a complex road system," Transportation Research Part A: Policy and Practice, Elsevier, vol. 88(C), pages 195-208.
  37. David Hensher & Andrew Collins & William Greene, 2013. "Accounting for attribute non-attendance and common-metric aggregation in a probabilistic decision process mixed multinomial logit model: a warning on potential confounding," Transportation, Springer, vol. 40(5), pages 1003-1020, September.
  38. Li, Zheng & Hensher, David A., 2012. "Estimating values of travel time savings for toll roads: Avoiding a common error," Transport Policy, Elsevier, vol. 24(C), pages 60-66.
  39. Vautard, Félix & Liu, Chengxi & Fröidh, Oskar & Byström, Camilla, 2021. "Estimation of interregional rail passengers’ valuations for their desired departure times," Transport Policy, Elsevier, vol. 103(C), pages 183-196.
  40. Beaud, Mickael & Blayac, Thierry & Stéphan, Maïté, 2016. "The impact of travel time variability and travelers’ risk attitudes on the values of time and reliability," Transportation Research Part B: Methodological, Elsevier, vol. 93(PA), pages 207-224.
  41. Chen, Tiantian & Fu, Xiaowen & Hensher, David A. & Li, Zhi-Chun & Sze, N.N., 2022. "The effect of online meeting and health screening on business travel: A stated preference case study in Hong Kong," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 164(C).
  42. Xiao, Yu & Coulombel, Nicolas & Palma, André de, 2017. "The valuation of travel time reliability: does congestion matter?," Transportation Research Part B: Methodological, Elsevier, vol. 97(C), pages 113-141.
  43. Rajesh S. Prabhu Gaonkar & V. Mariappan, 2020. "Transportation time reliability appraisal in maritime context," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 11(3), pages 736-746, June.
  44. Zang, Zhaoqi & Batley, Richard & Xu, Xiangdong & Wang, David Z.W., 2024. "On the value of distribution tail in the valuation of travel time variability," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 190(C).
  45. Bansal, Prateek & Kessels, Roselinde & Krueger, Rico & Graham, Daniel J., 2022. "Preferences for using the London Underground during the COVID-19 pandemic," Transportation Research Part A: Policy and Practice, Elsevier, vol. 160(C), pages 45-60.
  46. Xiao Chen & Carolina Osorio & Bruno Filipe Santos, 2019. "Simulation-Based Travel Time Reliable Signal Control," Transportation Science, INFORMS, vol. 53(2), pages 523-544, March.
  47. Stefanie Peer & Erik Verhoef & Jasper Knockaert & Paul Koster & Yin‐Yen Tseng, 2015. "Long‐Run Versus Short‐Run Perspectives On Consumer Scheduling: Evidence From A Revealed‐Preference Experiment Among Peak‐Hour Road Commuters," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 56(1), pages 303-323, February.
  48. Peer, Stefanie & Knockaert, Jasper & Koster, Paul & Verhoef, Erik T., 2014. "Over-reporting vs. overreacting: Commuters’ perceptions of travel times," Transportation Research Part A: Policy and Practice, Elsevier, vol. 69(C), pages 476-494.
  49. Paul Koster & Erik T. Verhoef, 2012. "A Rank-dependent Scheduling Model," Journal of Transport Economics and Policy, University of Bath, vol. 46(1), pages 123-138, January.
  50. Engelson, Leonid & Fosgerau, Mogens, 2016. "The cost of travel time variability: Three measures with properties," Transportation Research Part B: Methodological, Elsevier, vol. 91(C), pages 555-564.
  51. Lenaerts, Bert & Allroggen, Florian & Malina, Robert, 2021. "The economic impact of aviation: A review on the role of market access," Journal of Air Transport Management, Elsevier, vol. 91(C).
  52. Glenk, Klaus & Colombo, Sergio, 2013. "Modelling Outcome-Related Risk in Choice Experiments," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 57(4), pages 1-20.
  53. Peer, Stefanie & Knockaert, Jasper & Koster, Paul & Tseng, Yin-Yen & Verhoef, Erik T., 2013. "Door-to-door travel times in RP departure time choice models: An approximation method using GPS data," Transportation Research Part B: Methodological, Elsevier, vol. 58(C), pages 134-150.
  54. Paul Koster & Hans Koster, 2013. "Commuters' Preferences for Fast and Reliable Travel," Tinbergen Institute Discussion Papers 13-075/VIII, Tinbergen Institute, revised 30 Apr 2015.
  55. Gu, Yu & Fu, Xiao & Liu, Zhiyuan & Xu, Xiangdong & Chen, Anthony, 2020. "Performance of transportation network under perturbations: Reliability, vulnerability, and resilience," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 133(C).
  56. Ilka Dubernet & Kay W. Axhausen, 2020. "The German value of time and value of reliability study: the survey work," Transportation, Springer, vol. 47(3), pages 1477-1513, June.
  57. Salanova Grau, Josep Maria & Konstantinidou, Maria & Boufidis, Neofytos & Aifandopoulou, Georgia, 2022. "Estimation of value-of-time and a comparison of an ex ante and an ex post willingness to pay for shared transport services in Thessaloniki," Research in Transportation Economics, Elsevier, vol. 92(C).
  58. Li, Zheng & Hensher, David A., 2020. "Performance contributors of bus rapid transit systems: An ordered choice approach," Economic Analysis and Policy, Elsevier, vol. 67(C), pages 154-161.
  59. Emily K. M. Moylan & Michiel C. J. Bliemer & Taha Hossein Rashidi, 2022. "Travellers’ perceptions of travel time reliability in the presence of rare events," Transportation, Springer, vol. 49(4), pages 1157-1181, August.
  60. Juan Gomez & Anestis Papanikolaou & José Manuel Vassallo, 2017. "Users’ perceptions and willingness to pay in interurban toll roads: identifying differences across regions from a nationwide survey in Spain," Transportation, Springer, vol. 44(3), pages 449-474, May.
  61. Bardal, Kjersti Granås & Mathisen, Terje Andreas, 2015. "Winter problems on mountain passes – Implications for cost-benefit analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 74(C), pages 59-72.
  62. Lamotte, Raphaël & de Palma, André & Geroliminis, Nikolas, 2017. "On the use of reservation-based autonomous vehicles for demand management," Transportation Research Part B: Methodological, Elsevier, vol. 99(C), pages 205-227.
  63. Abate, Megersa & Lijesen, Mark & Pels, Eric & Roelevelt, Adriaan, 2013. "The impact of reliability on the productivity of railroad companies," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 51(C), pages 41-49.
  64. Leong, Waiyan & Goh, Karen & Hess, Stephane & Murphy, Paul, 2016. "Improving bus service reliability: The Singapore experience," Research in Transportation Economics, Elsevier, vol. 59(C), pages 40-49.
  65. Li, Zheng, 2018. "Unobserved and observed heterogeneity in risk attitudes: Implications for valuing travel time savings and travel time variability," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 112(C), pages 12-18.
  66. Alejandro Tirachini & David Hensher & Michiel Bliemer, 2014. "Accounting for travel time variability in the optimal pricing of cars and buses," Transportation, Springer, vol. 41(5), pages 947-971, September.
  67. Rong-Chang Jou & Tzu-Ying Chen, 2015. "External Costs to Parties Involved in Highway Traffic Accidents: The Perspective of Highway Users," Sustainability, MDPI, vol. 7(6), pages 1-23, June.
  68. Amarin Siripanich & Taha Hossein Rashidi & Emily Moylan, 2019. "Interaction of Public Transport Accessibility and Residential Property Values Using Smart Card Data," Sustainability, MDPI, vol. 11(9), pages 1-24, May.
  69. Stefanie Peer & Erik Verhoef & Jasper Knockaert & Paul Koster & Yin-Yen Tseng, 2011. "Long-Run vs. Short-Run Perspectives on Consumer Scheduling: Evidence from a Revealed-Preference Experiment among Peak-Hour Road Commuters," Tinbergen Institute Discussion Papers 11-181/3, Tinbergen Institute, revised 25 Aug 2014.
  70. Mohammad-Reza Namazi-Rad & Michelle Dunbar & Hadi Ghaderi & Payam Mokhtarian, 2015. "Constrained Optimization of Average Arrival Time via a Probabilistic Approach to Transport Reliability," PLOS ONE, Public Library of Science, vol. 10(5), pages 1-15, May.
  71. Li, Baibing, 2019. "Measuring travel time reliability and risk: A nonparametric approach," Transportation Research Part B: Methodological, Elsevier, vol. 130(C), pages 152-171.
  72. Zheng Li & David Hensher, 2013. "Behavioural implications of preferences, risk attitudes and beliefs in modelling risky travel choice with travel time variability," Transportation, Springer, vol. 40(3), pages 505-523, May.
  73. Edrissi, Ali & Nourinejad, Mehdi & Roorda, Matthew J., 2015. "Transportation network reliability in emergency response," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 80(C), pages 56-73.
  74. Li, Manzi & Jiang, Gege & Lo, Hong K., 2022. "Pricing strategy of ride-sourcing services under travel time variability," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 159(C).
  75. Deka, Devajyoti, 2015. "Factors associated with disability paratransit's travel time reliability," Journal of Transport Geography, Elsevier, vol. 48(C), pages 96-104.
  76. Fezzi, Carlo & Bateman, Ian J. & Ferrini, Silvia, 2014. "Using revealed preferences to estimate the Value of Travel Time to recreation sites," Journal of Environmental Economics and Management, Elsevier, vol. 67(1), pages 58-70.
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  78. Long, Jiancheng & Tan, Weimin & Szeto, W.Y. & Li, Yao, 2018. "Ride-sharing with travel time uncertainty," Transportation Research Part B: Methodological, Elsevier, vol. 118(C), pages 143-171.
  79. Durán-Hormazábal, Elsa & Tirachini, Alejandro, 2016. "Estimation of travel time variability for cars, buses, metro and door-to-door public transport trips in Santiago, Chile," Research in Transportation Economics, Elsevier, vol. 59(C), pages 26-39.
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  81. Hossan, Md Sakoat & Asgari, Hamidreza & Jin, Xia, 2016. "Investigating preference heterogeneity in Value of Time (VOT) and Value of Reliability (VOR) estimation for managed lanes," Transportation Research Part A: Policy and Practice, Elsevier, vol. 94(C), pages 638-649.
  82. Merkert, Rico & Beck, Matthew, 2017. "Value of travel time savings and willingness to pay for regional aviation," Transportation Research Part A: Policy and Practice, Elsevier, vol. 96(C), pages 29-42.
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  116. Gillen, David & Hasheminia, Hamed, 2016. "Measuring reliability of transportation networks using snapshots of movements in the network – An analytical and empirical study," Transportation Research Part B: Methodological, Elsevier, vol. 93(PB), pages 808-824.
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  118. Zhaoqi Zang & Xiangdong Xu & Kai Qu & Ruiya Chen & Anthony Chen, 2022. "Travel time reliability in transportation networks: A review of methodological developments," Papers 2206.12696, arXiv.org, revised Jul 2022.
  119. Zanni, Alberto M & Goulden, Murray & Ryley, Tim & Dingwall, Robert, 2017. "Improving scenario methods in infrastructure planning: A case study of long distance travel and mobility in the UK under extreme weather uncertainty and a changing climate," Technological Forecasting and Social Change, Elsevier, vol. 115(C), pages 180-197.
  120. Zhao, Jian & Zhao, Yunyi & Li, Ying, 2015. "The variation in the value of travel-time savings and the dilemma of high-speed rail in China," Transportation Research Part A: Policy and Practice, Elsevier, vol. 82(C), pages 130-140.
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