Uncovering the distribution of motorists' preferences for travel time and reliability

被引：332

作者：

Small, KA ^{[1
]}

Winston, C

Yan, J

机构：

[1] Univ Calif Irvine, Dept Econ, Irvine, CA 92697 USA

[2] Brookings Inst, Washington, DC 20036 USA

[3] Hong Kong Polytech Univ, Dept Logist, Kowloon, Hong Kong, Peoples R China

来源：

ECONOMETRICA | 2005年 / 73卷 / 04期

关键词：

mixed logit; stated preference; congestion pricing; product differentiation; value of time;

D O I：

10.1111/j.1468-0262.2005.00619.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We apply recent econometric advances to study the distribution of commuters' preferences for speedy and reliable highway travel. Our analysis applies mixed logit to combined revealed and stated preference data on commuter choices of whether to pay a toll for congestion-free express travel. We find that motorists exhibit high values of travel time and reliability, and substantial heterogeneity in those values. We suggest that road pricing policies designed to cater to such varying preferences can improve efficiency and reduce the disparity of welfare impacts compared with recent pricing experiments.

引用

页码：1367 / 1382

页数：16

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