Bus Priority Provision and Willingness to Pay Differentials Resulting from Modal Choice and Residential Location: Evidence from a Stated Choice Survey
Abstract:Disaggregated analysis of bus priority measures remains a largely unexplored research area in transport. This research investigates such a scheme in Dublin, Ireland using a random parameters logit (RPL) specification for a stated choice survey of 1,000 catchment area residents. Welfare estimates associated with changes in seven bus-related attributes are established. Results indicate that respondents are willing to pay large amounts for large improvements in journey times and for improved comfort attributes. However, there are divergences in estimates associated with respondent model choice and experience with the policy — suggesting internalisation of some bus service improvements for existing users.
Document Type: Research Article
Publication date: May 1, 2009
JTEP is international both in terms of authors and readership. Since it first appeared, more than 650 papers have been published from Europe, North America, the Pacific Rim/Australasia, Africa, Asia, and South America. This international variety is also reflected in the readership.
Published four times a year, the journal covers all modes of transport and a wide variety of economic themes, including: Passenger Transport, Freight Transport, Shipping, Aviation, Transport Infrastructure, Environment & Energy, Traffic, Planning and Policy, Safety, Costs & Pricing, Competition, Evaluation, Productivity, Demand & Elasticities, Service Quality, Economies of Scale, Economics Regulation and Choice.
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