Investigating Changes in Willingness-to-Pay for Managed Lane Systems: A Quasi-Panel Approach

摘要

This paper investigates the hypothesis that the willingness-to-pay for managed lanes changesthrough time in the aftermath of opening and operating a facility. Using a quasi-panel of statedpreference surveys, we found that the estimates of the value of travel time reliability are almostas high as the value of travel time savings in regular travel situations and are almost twice inurgent situations two years after the opening and operation of managed lanes. These resultsprovide an indication that presentation of reliability information affects the valuation of traveltime savings estimated from stated preference surveys..