Investigating Changes in Willingness to Pay for Managed-Lane Systems Quasi-Panel Approach Academic Article

abstract

• This paper investigates the hypothesis that willingness to pay for managed lanes (MLs) changes through time in the aftermath of the opening and operation of a facility. Using a quasi-panel of stated preference surveys, the authors found that the estimates of the value of travel time reliability were almost as high as the value of travel time savings in regular travel situations and were almost twice as high in urgent situations 2 years after the opening and operation of MLs. These results indicate that the presentation of reliability information affects the valuation of travel time savings estimated from stated preference surveys.

authors

• Burris, Mark

published proceedings

• TRANSPORTATION RESEARCH RECORD

author list (cited authors)

• Patil, S., Concas, S., Burris, M., & Devarasetty, P. C.

citation count

• 2

complete list of authors

• Patil, Sunil||Concas, Sisinnio||Burris, Mark||Devarasetty, Prem Chand

publication date

• January 2013

publisher

• SAGE Publications  Publisher

published in

• Transportation Research Record  Journal

keywords

• Basic Behavioral And Social Science
• Behavioral And Social Science

Digital Object Identifier (DOI)

• 10.3141/2382-05

start page

• 37

end page

• 45

volume

• 2382

issue

• 2382

URL

• http://dx.doi.org/10.3141/2382-05