Freeway Service Patrols: A Stated Preference Analysis of Insurance Values
IEEE Intelligent Transportation Systems Council (ITSC) Conference on Basic Research and Applications of Intelligent Transportation Systems (ITS), 2001
17 Pages Posted: 27 Jan 2011
Date Written: 2001
In this chapter, a Stated Preference (SP) analysis was carried out to identify the factors that influence people to choose highway assistance services (FSP) over private assistance services (PAS). The Los-Angeles FSP was used as a test case and the B/C ratios were also calculated based on the utility the FSP provides to an individual. Different values were chosen for the average time of waiting of the FSP and the B/C ratios were calculated in each case. The results indicate that the probability of an individual choosing the highway assistance services depends on the attributes of the program like the time of waiting for assistance and cost of waiting for assistance. The B/C ratios for the Los Angeles FSP were in the range 6.2-6.3.
Keywords: Stated Preference, transportation, highway assistance services, highway helpers
JEL Classification: R40, R41
Suggested Citation: Suggested Citation