Value of Time Comparisons in the Presence of Unexpected Delay

TRAVEL DEMAND MANAGEMENT AND ROAD USER PRICING: SUCCESS, FAILURE AND FEASIBILITY, Wafaa Saleh & Gerd Sammer, eds., pp. 173-184, Ashgate Publishers, 2009

Third International Conference on Transport Network Reliability, July 2007

14 Pages Posted: 7 Jan 2011 Last revised: 21 Jan 2011

See all articles by Nebiyou Tilahun

Nebiyou Tilahun

affiliation not provided to SSRN

David Matthew Levinson

affiliation not provided to SSRN

Date Written: July 1, 2007

Abstract

This study estimates Value of Time differences between people who arrived at their destination as planned and those that were delayed. The analysis is based on the I-394 MnPASS High Occupancy/Toll (HOT) lane project recently implemented in the Minneapolis/St. Paul region. Using a Stated Preference survey, the individuals are asked about a trip they have taken before, and asked if they would opt for the free route or pay and go on the HOT lanes. The analysis groups the travelers into subscribers and non-subscribers of the MnPASS (electronic toll collection transponder) system and further decomposes choices into categories based on trip time and experience (delayed or not). Trip times were divided into morning peak, afternoon peak, and off peak and trip experience was divided into delayed and not delayed, creating six categories. The findings suggest an increased willingness to pay among subscribers who were late to reduce travel time in the PM rush hour. As well, we find some evidence that individuals who were late during the AM peak have a lower VOT as compared to their on-time counterparts.

Keywords: value of time, trip, transportation, peak hour

JEL Classification: R41, R40

Suggested Citation

Tilahun, Nebiyou and Levinson, David Matthew, Value of Time Comparisons in the Presence of Unexpected Delay (July 1, 2007). TRAVEL DEMAND MANAGEMENT AND ROAD USER PRICING: SUCCESS, FAILURE AND FEASIBILITY, Wafaa Saleh & Gerd Sammer, eds., pp. 173-184, Ashgate Publishers, 2009; Third International Conference on Transport Network Reliability, July 2007. Available at SSRN: https://ssrn.com/abstract=1736028

Nebiyou Tilahun

affiliation not provided to SSRN ( email )

David Matthew Levinson (Contact Author)

affiliation not provided to SSRN

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