01477728

Component

https://doi.org/10.3141/2382-05

http://scholar.google.com...etty&publication_year=2013

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.

01506861

13-2052

English

pp 37–45

2013

Transportation Research Record: Journal of the Transportation Research Board

9780309286985

Print

Figures (3) ; References (26) ; Tables (3)

Managed lanes; Panel studies; Stated preferences; Travel behavior; Travel time

Willingness to pay

Economics; Highways; Operations and Traffic Management; Planning and Forecasting; I10: Economics and Administration; I72: Traffic and Transport Planning

TRIS, TRB, ATRI

Feb 5 2013 12:28PM

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