AbstractThis paper examines whether travel cost models value transportation properly. It uses contingent behavior and contingent pricing analyses to explore the valuation of transport costs within the context of recreation demand. The contingent behavior analysis poses hypothetical increases in travel costs––travel distance and access fees––and examines the demand responses. In contrast, the ‘contingent pricing’ analysis asks respondents to state the increase in travel costs that is consistent with certain reductions in recreation demand, in this case, reductions that eliminate demand. By comparing distance-related responses to fee-related responses, the two analyses estimate factors for testing and improving the valuation of transport costs. To achieve these ends, the two analyses also explore the valuation of time costs.
Do travel cost models value transportation properly?
Transportation Research Part D: Transport and Environment ; 8 , 6 ; 397-414
2003-03-17
18 pages
Article (Journal)
Electronic Resource
English
Do travel cost models value transportation properly?
Online Contents | 2003
|Transportation and Travel: Travel Overseas
NTIS | 1994
Transportation and Travel: Travel Management
NTIS | 1993
Activity-Based Travel Models and Transportation Equity Analysis
Transportation Research Record | 2012
|