Modeling Willingness-to-Pay Values for Rural Bus Attributes Under Different Trip Purposes
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
The paper focuses on estimating willingness-to-pay (WTP) values associated with attributes of bus
travel in rural regions of a developing country. Using stated choice data, Multinomial Logit (MNL)
and Random Parameter Logit (RPL) models with constrained triangular distribution for random
parameters are developed for various trip purposes. WTP values are estimated for travel time,
travel discomfort and headway of service. It is found that WTP values of job trips are highest among
all trips, followed by recreation and business trips; and the values for discomfort are found to be
highly sensitive to trip purpose. Also, it is found that the MNL model underestimated WTP values
more than the RPL model.