The impact of traffic images on travel time valuation in stated-preference choice experiments

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dc.contributor.authorRizzi, Luis I.
dc.contributor.authorPablo Limonado, Juan
dc.contributor.authorSteimetz, Seiji S. C.
dc.date.accessioned2024-01-10T12:43:49Z
dc.date.available2024-01-10T12:43:49Z
dc.date.issued2012
dc.description.abstractWe develop a simple but modern stated-preference (SP) choice experiment to analyse the impact of traffic images on the estimated value of travel time savings (VTTS). A random subsample of survey respondents view computer-generated images that depict traffic conditions for congested and free-flow portions of hypothetical travel alternatives. The remaining respondents receive otherwise-identical surveys that only verbally describe the attributes of those alternatives. From surveys with images, the estimated VTTS is $7.40 per hour for congested travel time and $5.70 for free-flow travel time, implying a 'congestion premium' of 30%. From surveys without images, however, congested and free-flow VTTS estimates are identical at $5.90 per hour. Our results indicate that traffic images, however rudimentary, can substantially influence travel-time valuation, thus compelling further research on incorporating them into SP experimental design.
dc.description.funderChilean Fund for Scientific and Technological Development (FONDECYT)
dc.description.funderMillennium Institute on Complex Engineering Systems
dc.description.funderCalifornia State University at Long Beach Scholarly and Creative Activities Committee
dc.fechaingreso.objetodigital2024-05-09
dc.format.extent16 páginas
dc.fuente.origenWOS
dc.identifier.doi10.1080/18128602.2010.551524
dc.identifier.eissn1944-0987
dc.identifier.issn1812-8602
dc.identifier.urihttps://doi.org/10.1080/18128602.2010.551524
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/77624
dc.identifier.wosidWOS:000308991400003
dc.information.autorucIngeniería;Limonado J;S/I;126362
dc.information.autorucIngeniería;Rizzi L;S/I;95
dc.issue.numero6
dc.language.isoen
dc.nota.accesocontenido parcial
dc.pagina.final442
dc.pagina.inicio427
dc.publisherTAYLOR & FRANCIS INC
dc.revistaTRANSPORTMETRICA
dc.rightsacceso restringido
dc.subjectvalue of time
dc.subjectstated preference
dc.subjectchoice experiment
dc.subjectcongestion premium
dc.subjectpivot design
dc.subjectmixed logit
dc.subjectWILLINGNESS-TO-PAY
dc.subjectLOGIT-MODELS
dc.titleThe impact of traffic images on travel time valuation in stated-preference choice experiments
dc.typeartículo
dc.volumen8
sipa.codpersvinculados126362
sipa.codpersvinculados95
sipa.indexWOS
sipa.indexScopus
sipa.trazabilidadCarga SIPA;09-01-2024
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