01516444

Component

https://doi.org/10.3141/2452-04

The economic evaluation and the financing of transportation projects require comprehensive estimation and determination of all transportation-related external costs. The effect of accessibility on property values and the hedonic price of environmental attributes related to the transportation system are among the most important external effects. In this study, the willingness to pay (WTP) for improved accessibility and environmental quality was determined by the use of a stated preference (SP) technique. With SP data collected in Tehran, Iran, a multinomial logit model was developed, and WTP was estimated with this model. Because the WTP for environmental attributes was estimated with qualitative measures, a fuzzy transformation was used to estimate the WTP for a unit increase in environmental quality.

01556363

14-3751

English

pp 28–35

2014

Transportation Research Record: Journal of the Transportation Research Board

9780309295390

Print

Figures (4) ; References (43) ; Tables (3)

Accessibility; Environmental quality; Externalities; Property values; Public transit; Stated preferences

Willingness to pay

Tehran (Iran)

Economics; Policy; Public Transportation; Society; I10: Economics and Administration

TRIS, TRB, ATRI

Jan 27 2014 3:17PM

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