The Distribution of Car Drivers Values-of-time in Marseilles (1995)



The Distribution of Car Drivers Values-of-time in Marseilles (1995)

Authors

LEURENT F, INRETS, France

Description

Abstract. Eighteen months after the urban, tolled, underground motorway tunnel Prado-Carenage>> was opened in Marseilles (France), road-side interviews were conducted at both the tunnel entry and the alternative roads. These Revealed Preference data form

Abstract

Abstract. Eighteen months after the urban, tolled, underground motorway tunnel Prado-Carenage>> was opened in Marseilles (France), road-side interviews were conducted at both the tunnel entry and the alternative roads. These Revealed Preference data form a basis to analyze the competition between a toll road and alternative, free roads. In this paper, the binary choice ¢ffast, toll road vs. free, slow road>> is modelled with respect to the difference in travel time. The model is a binary logit model with a varying Value-of-Time (VoT). Estimation by the Maximum Likelihood method shows (i) a significant dispersion of the VoT, with mean 30% higher than median; (ii) that for a given travel time difference the dispersion in the VoTs explains two thirds of the variability in the path choice. Assuming that the competing roads only differ in price and time, a resulting mean VoT of 125/h was estimated for a car driver during an urban trip in Marseilles in 1995.

Publisher

Association for European Transport