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Preference Heterogeneity and Willingness to Pay for Travel Time Savings

✍ Scribed by Francisco Javier Amador; Rosa Marina González; Juan de Dios Ortúzar

Book ID
106503532
Publisher
Springer US
Year
2005
Tongue
English
Weight
314 KB
Volume
32
Category
Article
ISSN
0049-4488

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## Abstract Three measures of the value of time – willingness to pay (WTP) for a reduction in travel time, willingness to accept (WTA) a monetary compensation to forgo it, and the wage rate – are evaluated and compared. WTP and WTA were estimated from the two‐part regressions of time price, using c