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

See all articles by David Matthew Levinson

David Matthew Levinson

affiliation not provided to SSRN

David Gillen

University of British Columbia (UBC) - Sauder School of Business

Pavithra Parthasarathi

University of Minnesota - Twin Cities

Date Written: 2001

Abstract

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

Levinson, David Matthew and Gillen, David and Parthasarathi, Pavithra, Freeway Service Patrols: A Stated Preference Analysis of Insurance Values (2001). IEEE Intelligent Transportation Systems Council (ITSC) Conference on Basic Research and Applications of Intelligent Transportation Systems (ITS), 2001. Available at SSRN: https://ssrn.com/abstract=1748619

David Matthew Levinson (Contact Author)

affiliation not provided to SSRN

David Gillen

University of British Columbia (UBC) - Sauder School of Business ( email )

2053 Main Mall
Vancouver, BC V6T 1Z2
Canada

Pavithra Parthasarathi

University of Minnesota - Twin Cities ( email )

420 Delaware St. SE
Minneapolis, MN 55455
United States

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