Koundouri, Phoebe and Kountouris, Yannis and Stithou, Mavra (2012): A Choice Experiments Application in Transport Infrastructure: A Case Study on Travel Time Savings, Accidents and Pollution Reduction. Published in: Research Topics in Agricultural and Applied Economics, Volume 3 (2012)
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This paper presents the results of a Choice Experiment (CE) conducted to estimate the values derived from a highway construction project in Greece. To account for preference heterogeneity conditional logit with interactions and random parameter logit models are estimated. The results indicate that individuals have significant values for travel time savings, percentage decrease in traffic accidents, percentage decrease in traffic related emissions and landscape modifications. Models where the attributes are interacted with socioeconomic variables perform better and produce lower welfare estimates compared to models without interactions with important implications for cost benefit analysis.
|Item Type:||MPRA Paper|
|Original Title:||A Choice Experiments Application in Transport Infrastructure: A Case Study on Travel Time Savings, Accidents and Pollution Reduction|
|English Title:||A Choice Experiments Application in Transport Infrastructure: A Case Study on Travel Time Savings, Accidents and Pollution Reduction|
|Keywords:||Choice experiments, transport infrastructure,travel time savings, accidents, pollution reduction|
|Subjects:||C - Mathematical and Quantitative Methods > C9 - Design of Experiments
N - Economic History > N7 - Transport, Trade, Energy, Technology, and Other Services
C - Mathematical and Quantitative Methods > C9 - Design of Experiments > C93 - Field Experiments
|Depositing User:||Phoebe Koundouri|
|Date Deposited:||01. Oct 2012 13:48|
|Last Modified:||16. Feb 2013 16:57|
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