Uncovering the Distribution of Motorists' Preferences for Travel Time and Reliability

24 Pages Posted: 19 Apr 2005

See all articles by Clifford Winston

Clifford Winston

AEI-Brookings Joint Center for Regulatory Studies

Kenneth A. Small

University of California, Irvine - Department of Economics

Jia Yan

Washington State University

Date Written: February 2005

Abstract

We apply recent econometric advances to study the distribution of commuters' preferences for speedy and reliable highway travel. Our analysis applies mixed logit to combined revealed and stated preference data on commuter choices of whether to pay a toll for congestion free express travel. We find that motorists exhibit high values of travel time and reliability and substantial heterogeneity in those values. We suggest that road pricing policies designed to cater to such varying preferences can improve efficiency and reduce the disparity of welfare impacts compared with recent pricing experiments.

Keywords: econometric, motorists, travel, time, reliability

JEL Classification: H00

Suggested Citation

Winston, Clifford and Small, Kenneth A. and Yan, Jia, Uncovering the Distribution of Motorists' Preferences for Travel Time and Reliability (February 2005). AEI-Brookings Joint Center Working Paper No. 05-02. Available at SSRN: https://ssrn.com/abstract=707101 or http://dx.doi.org/10.2139/ssrn.707101

Clifford Winston

AEI-Brookings Joint Center for Regulatory Studies ( email )

1150 17th Street, N.W.
Washington, DC 20036
United States

Kenneth A. Small (Contact Author)

University of California, Irvine - Department of Economics ( email )

3151 Social Science Plaza
Irvine, CA 92697-5100
United States
714-824-5658 (Phone)
714-824-2182 (Fax)

Jia Yan

Washington State University ( email )

P.O. Box 646210
Hulbert Hall 101
Pullman, WA 99164-6210
United States

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