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Title:

Value of Traffic Externalities from Attribute-Based Stated Choice: Route Choice Experiment
Cover of Value of Traffic Externalities from Attribute-Based Stated Choice: Route Choice Experiment

Accession Number:

01032926

Record Type:

Component

Availability:

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Order URL: http://worldcat.org/isbn/0309099633

Abstract:

The increasing rate of motorization in major urban centers in Asia is having severe impacts on local social and physical environments. Sustainability principles call for consideration of these traffic impacts, which include congestion, air and noise pollution, road safety, and urban decay, in the evaluation of urban development programs and projects. This study aims to contribute to the scarce literature on valuing nonmonetary external costs of traffic in developing countries through the attribute-based stated choice method measuring willingness to pay for route environment improvements. A web-based stated preference route choice survey was conducted regarding private work trips in metro Manila, Philippines, to value the welfare derived from changes in the quality of road and roadside environments. The authors estimated and compared values from specifications of fixed and random parameter logit. This study shows that estimates are sensitive to model specification, particularly if the attributes have significant preference heterogeneity and covariance. The values of significant attributes affecting utility, which include the value of percentage improvement in air quality, the value of percentage reduction in noise, and the risk value from a traffic fatality, are presented and compared.

Monograph Title:

Developing Countries

Monograph Accession #:

01032928

Language:

English

Authors:

Parumog, Michelle Gan
Mizokami, Shoshi
Kakimoto, Ryuji

Pagination:

pp 52-60

Publication Date:

2006

Serial:

Transportation Research Record: Journal of the Transportation Research Board

Issue Number: 1954
Publisher: Transportation Research Board
ISSN: 0361-1981

ISBN:

0309099633

Media Type:

Print

Features:

Figures (2) ; References (29) ; Tables (6)

Uncontrolled Terms:

Geographic Terms:

Subject Areas:

Environment; Finance; Highways; Planning and Forecasting; Society; I72: Traffic and Transport Planning

Files:

TRIS, TRB, ATRI

Created Date:

Mar 3 2006 10:46AM

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