Abstract This paper describes a study on willingness to pay (WTP) and public acceptability for High-Occupancy/Toll (HOT) lanes using empirical evidence from Toronto, Ontario, Canada. From a stated preference survey of more than 250 drivers, we estimate mean willingness to pay values under various trip conditions and for various traveler characteristics. The study provides statistically significant evidence on the relationships between willingness to pay and the improvement in travel speeds in HOT lanes, the length of the trip, and the urgency of on-time arrival. Furthermore, our study confirms several literature findings from previous studies on the relationship between travelers' willingness to pay and income as well as prior experience with HOT lanes. Some of the findings are qualitatively validated on the basis of the observed travel behavior in choosing tolled facilities over untolled facilities during periods of heightened congestion and urgency.
Highlights ► Adds to the literature on relationships between WTP and trip/driver characteristics. ► Develops an elasticity relationship between WTP and travel time savings. ► Contributes additional evidence on equity in road pricing projects. ► Demonstrates the potential for transit and carpooling to mitigate equity concerns. ► Makes revealed preference observations on driver behavior in various travel periods.
Empirical evidence from the Greater Toronto Area on the acceptability and impacts of HOT lanes
Transport Policy ; 18 , 6 ; 814-824
2011-01-01
11 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Highway pricing , Willingness to pay , Toronto Ontario , 400-series highways , Ontario Provincial limited access expressways , AADT , annual average daily traffic , BRT , bus rapid transit , GP lane , general purpose lane , GTA , Greater Toronto Area , HOT , High Occupancy/Toll , HOV , High Occupancy Vehicle , Hwy 407-ETR , Highway 407-electronic toll route , IVTTS , implied value of travel time savings , LOS , Level of Service , MTO , Ontario Ministry of Transportation , RP , revealed preference , SOV , single occupant vehicle , SP , stated preference (data gathering and analysis technique) , TTS , travel time savings , VTTS , value of travel time savings , WTP , willingness to pay
Empirical evidence from the Greater Toronto Area on the acceptability and impacts of HOT lanes
Online Contents | 2011
|Empirical Analysis of Travel and Housing Expenditures in the Greater Toronto, Canada, Area
Online Contents | 2004
|Empirical Analysis of Travel and Housing Expenditures in the Greater Toronto, Canada, Area
Transportation Research Record | 2004
|Modeling the Impacts of Off-Peak Delivery in the Greater Toronto and Hamilton Area
Transportation Research Record | 2022
|Modeling Toll Pricing Strategies in Greater Toronto Area
Online Contents | 1996
|