Analyzing loss aversion and diminishing sensitivity in a freight transport stated choice experiment

Choice behaviour might be determined by asymmetric preferences whether the consumers are faced with gains or losses. This paper investigates loss aversion and diminishing sensitivity, and analyzes their implications on willingness to pay and willingness to accept measures in a reference pivoted choice experiment in a freight transport framework. The results suggest a significant model fit improvement when preferences are treated as asymmetric, proving both loss aversion and diminishing sensitivity. The implications on willingness to pay and willingness to accept indicators are particular relevant showing a remarkable difference between symmetric and asymmetric model specifications. Not accounting for loss aversion and diminishing sensitivity, when present, produces misleading results and might affect significantly the policy decisions.     

Inferring attribute non-attendance from stated choice data: implications for willingness to pay estimates and a warning for stated choice experiment design

There is a growing interest in traveller behaviour research to explore alternative information processing strategies (often referred to as heuristics or rules) adopted by individuals when assessing packages of attributes describing alternatives in a choice set, and making a choice. One popular attribute processing rule relates to attributes not being considered (i.e., being ignored), for all manner of reasons, referred to in the small but growing literature as attribute non-attendance or non-preservation. Researchers have used a mixture of methods to study the role of attribute non-attendance, including supplementary questions on whether each attribute is ignored or not, and methods in which the functional form of the utility expressions defining an alternative can recognise the possibility, up to a probability, of an attribute being ignored. Although supplementary questions are worthy of further consideration, despite the controversy as to the reliability of the response, recent interest has focused on ways to establish the incidence of attribute non-attendance without recourse to such evidence. In this paper we use an existing data set of choice amongst four attributes describing alternative car non-commuting trips, to illustrate the proposed method, and to compare values of travel time savings under each possible combination of non-attendance attributes relative to a model in which all attributes are assumed to be fully attended to. The paper reveals a major concern with the way that attribute levels and ranges are selected in the design of choice experiments, which can induce non-attendance situations where willingness to pay estimates cannot be obtained.     

Freight transport demand revisited: A microeconomic view of multimodal, multicharacteristic service uncertainty and the demand for freight transport

This paper provides a unifying framework for micro-based models of freight transport demand. An expected utility of profits model is posed that clarifies the conditions under which a system of equations (continuous) regression model should be used as opposed to the conditions that make a quantal choice model appropriate. The model also indicates the nature of subjective data that is necessary for estimating demand. In general, the conditions that give rise to the appropriate use of a quantal choice model imply that the needed subjective information is completely contained in the subjective probability distributions on the service characteristics; the utility function itself is irrelevant.     

Extending stated choice analysis to recognise agent-specific attribute endogeneity in bilateral group negotiation and choice: a think piece

This paper is a think piece on variations in the structure of stated preference studies when modelling the joint preferences of interacting agents who have the power to influence the attribute levels on offer. The approach proposed is an extension of standard stated choice methods, known as ‘stated endogenous attribute level’ (SEAL) analysis. It allows for interactive agents to adjust attribute levels off a base stated choice specification that are within their control, in an effort to reach agreement in an experimental setting. This accomplishes three goals: (1) the ability to place respondents in an environment that more closely matches interactive settings in which some attribute levels are endogenous to a specific agent, should the modeller wish to capture such behaviour; (2) the improved ability of the modeller to capture the behaviour in such settings, including a greater wealth of information on the related interaction processes, rather than simply outcomes; and (3) the expansion of the set of situations that the modeller can investigate using experimental data.

The value of travel time savings in freight transport: a meta-analysis

Transportation - The value of freight travel time savings (VFTTS) is a monetary value that is considered an important input into cost–benefit analysis and traffic forecasting. The VFTTS is...     

The value of travel time and reliability-evidence from a stated preference survey and actual usage

This research examined travel behavior of Managed Lane (ML) users to better understand the value travelers place on travel time savings and travel time reliability. We also highlight the importance of survey design techniques. These objectives were accomplished through a stated preference survey of Houston’s Katy Freeway travelers. Three stated choice experiment survey design techniques were tested in this study: Bayesian (D_b) efficient, random level attribute generation, and an adaptive random approach. Mixed logit models were developed from responses using each of those designs. The value of travel time savings (VTTSs) estimates do vary across the design strategies, with the VTTS estimates based on the D_b-efficient design being approximately half the estimates from the other two designs. However, among the three design strategies, the value of travel time reliability (VOR) was only significant in the D_b-efficient design.The estimated VTTS from actual Katy Freeway usage (as measured using actual tolls paid and travel time saved on the managed lanes) is $51/h. This likely also includes any value that travelers place on travel time reliability. In comparison, our combined estimate of VTTS and VOR based on the SP survey (D_b-efficient design) was $50/h, which is remarkably close to the estimate from the actual usage data. Based on our dataset, the D_b-efficient design technique proved superior to the other two techniques. Finally, this research also supports the importance of including both travel time and travel time reliability parameters when estimating the willingness to pay for, and therefore benefits derived from, ML travel.     

A stated preference examination of time of travel choice for a recreational trip: An addendum

A paper was published in the immediately previous issue of this journal describing a stated preference experiment examining how people are influenced in the selection of a departure time for a hypothetical trip to see a movie. The title was ‘A stated preference examination of time of travel choice for a recreational trip’, Volume 30(3):17–44. Numbers were used to indicate references in the text of the paper and in Table 1 accompanying the text, but these numbers were omitted from the list of references at the end of the paper - making it very difficult to identify specific citations. The list of references from the paper is reprinted below with the reference numbers included. This provides a listing that can be used in conjunction with the text of the paper and Table 1 as published to identify specific citations as intended.     

Rail-truck multimodal freight collaboration: a statistical analysis of freight-shipper perspectives

Due to the effects of congestion, capacity reduction of truck-freight carriers, growing freight transportation demand, and increasing social and environmental concerns, there is a critical need for freight shippers to improve shipping quality and reduce transportation costs. Rail-truck multimodal freight collaboration can potentially address this need. In this study, we explore freight-shipper perspectives relating to the factors that may foster or impede their usage of rail-truck multimodal freight collaboration services, and the correlations of their operational and behavioral characteristics with these factors. The study provides insights to rail and truck carriers on collaboration mechanisms that can address the needs of freight shippers, including adopting synergistic technology to improve in-transit visibility, accommodating non-containerized cargo, improving the transshipment process, designing service quality control strategies, and constructing investment and revenue-sharing plans.     

Enhanced traffic information dissemination to facilitate toll road utilization: a nested logit model of a stated preference survey in Texas

This paper investigates the effects of the provision of traffic information on toll road usage based on a stated preference survey conducted in central Texas. Although many researchers have studied congestion pricing and traffic information dissemination extensively, most of them focused on the effects that these instruments individually produce on transportation system performance. Few studies have been conducted to elaborate on the impacts of traffic information dissemination on toll road utilization. In this study, 716 individuals completed a survey to measure representative public opinions and preferences for toll road usage in support of various traffic information dissemination classified by different modes, contents, and timeliness categories. A nested logit model was developed and estimated to identify the significant attributes of traffic information dissemination, traveler commuting patterns, routing behavior, and demographic characteristics, and analyze their impacts on toll road utilization. The results revealed that the travelers using dynamic message sign systems as their primary mode of receiving traffic information are more likely to choose toll roads. The potential toll road users also indicated their desire to obtain traffic information via internet. Information regarding accident locations, road hazard warnings, and congested roads is frequently sought by travelers. Furthermore, high-quality congested road information dissemination can significantly enhance travelers’ preferences of toll road usage. Specifically the study found that travelers anticipated an average travel time saving of about 11.3 min from better information; this is about 30 % of travelers’ average one-way commuting time. The mean value of the time savings was found to be about $11.82 per hour, close to ½ of the average Austin wage rate. The model specifications and result analyses provide in-depth insights in interpreting travelers’ behavioral tendencies of toll road utilization in support of traffic information. The results are also helpful to shape and develop future transportation toll system and transportation policy.     

The prevalence of context-dependent adjustment of activity-travel patterns in energy conservation strategies: results from a mixture-amount stated adaptation experiment

People’s adaptive behaviour to increasing energy prices has been studied at length in transportation research. Prior research however has not addressed research questions concerning the contribution of travel-related changes in more encompassing energy conservation strategies. Moreover, context-dependency and choice under constraints has not been studies at any length. In this paper, we therefore report the results of a context-dependent elaboration of a mixture amount choice experiment to measure context-dependent responses to accumulative energy charges under budget constraints. Accounting for consumer heterogeneity in adaptive response behaviour, mixed logit analysis is used to analyse the extent and nature of adaptations of activity-travel behaviour and resource allocation in response to increasing energy costs. The results indicate that individuals are inclined to compensate for increased expenditures on energy due to price increases. Moreover, results show the existence of significant heterogeneity among respondents in terms of their adaptation strategies to various energy-saving choices.     

Transportation policy analysis with a geographic information system: The virtual network of freight transportation in Europe

This paper presents a multi-modal freight transportation model based on a digitized geographic network. A systematic analysis and decomposition of all the transport operations i.e. moving, loading and unloading, transshipping and transiting, leads to the development of a virtual network where each virtual link corresponds to a specific operation, and all transportation modes and means are inter-linked. Software, called NODUS, automatically generates the virtual network so that the model can be conveniently applied to large networks. The analytical structure of the links notation makes it easy to attach specific cost functions to each virtual link. The model is applied to the trans-European freight network of roads, railways and inland waterways for the transportation of wood. Cost functions are built up for each operation by each mode/means combination. A detailed point-to-point origin-destination matrix, calibrated on Eurostat statistics, is generated by a Monte-Carlo technique. Then, the total transportation cost is minimized with respect to the choices of routes, modes and means. This provides estimations of transportation services demands as well as modal splits, to the extent that the two hypotheses of demand based on generalized cost minimization and market contestability are accepted. A sensitivity analysis on the relative road cost is made, which provides measures of arc-elasticities.     

Steering short-term demand for car-sharing: a mode choice and policy impact analysis by trip distance

Transportation - Car-sharing could have substantial benefits. However, there is not enough evidence about if more people choosing car-sharing would reduce private car usage or public transport...     

The accuracy of proxy responses in a stated choice setting: A re-examination and some controversial conclusions

Data is typically gathered from an individual respondent who represents the group or the household. This individual is often identified as the “primary decision maker” and is asked to provide responses as a proxy for the group given that the cost of interviewing each member individually is impractical and/or expensive. The collection of joint preferences is rarely undertaken, with the use of proxy responses not uncommon in travel behaviour research. Under such a framework, there exists an assumption that the primary decision maker has perfect knowledge of other group member preferences, and bargaining behaviour, and is able to synthesise this information when providing a response on their behalf. The validity of such an assumption however remains an open question, with recent research calling the reliability of proxy responses into account (Bateman and Munro, 2009). In this paper, using three models estimated in willingness to pay space, we examine the accuracy of proxy responses in a stated choice experiment. We find that there is overlap between a proxy response and the own preferences of the individual providing the proxy choice, but while the proxy responses fail to represent the full preference heterogeneity that exists in the actual choices made by individuals, the proxy responses in aggregate provide a suitable replacement for actual data, subject to a number of caveats.     

Urban passenger transport in the United States and Europe: a comparative analysis of public policies

This is the second part of a two‐part series that examines recent developments in urban passenger transport in the United States and Europe, focusing on the roles and impacts of the public sector as these have varied by country and over time. The first part of the series described public policies for roadway systems and private car use, whereas this second part concentrates on public transport. After a review of demand and supply trends, the article evaluates government policies in terms of public vs private ownership and operation, public regulation, financing responsibility by government level, types and amounts of subsidy, and impacts of ownership, regulation, and financing arrangements on costs and productivity. This second part concludes with an overall comparison between Europe and the United States, and considers how Europeans and Americans might learn from each other's successes and mistakes in order to improve transport policies.     

X vs. Y: an analysis of intergenerational differences in transport mode use among young adults

Transportation - Recent research has contrasted the travel patterns of young adults of Generation Y (or, synonymously, the Millennial Generation) with the travel patterns of earlier generations of...     

Effects of built environment and weather on bike sharing demand: a station level analysis of commercial bike sharing in Toronto

Bike Share Toronto is Canada’s second largest public bike share system. It provides a unique case study as it is one of the few bike share programs located in a relatively cold North American setting, yet operates throughout the entire year. Using year-round historical trip data, this study analyzes the factors affecting Toronto’s bike share ridership. A comprehensive spatial analysis provides meaningful insights on the influences of socio-demographic attributes, land use and built environment, as well as different weather measures on bike share ridership. Empirical models also reveal significant effects of road network configuration (intersection density and spatial dispersion of stations) on bike sharing demands. The effect of bike infrastructure (bike lane, paths etc.) is also found to be crucial in increasing bike sharing demand. Temporal changes in bike share trip making behavior were also investigated using a multilevel framework. The study reveals a significant correlation between temperature, land use and bike share trip activity. The findings of the paper can be translated to guidelines with the aim of increasing bike share activity in urban centers.     

Substitution and complementarity patterns between traditional transport means and car sharing: a person and trip level analysis

Transportation - Car sharing is a new transport mode which combines characteristics of private and collective traditional transport means. Understanding the relationship of this mode with existing...     

Long-term impact of the Shinkansen on rail and air demand: analysis with data from Northeast Japan

This paper analyses how the high-speed rail construction in Northeast Japan (Tohoku) has affected total demand and interregional travel patterns. We use annual interregional passenger data from 1989 to 2012 and apply regression analysis with the demand between Tokyo and the Tohoku prefectures as the dependent variable. We distinguish particularly between the ‘Full-’ and the ‘Mini-’ Shinkansen, where the latter are branch services running with reduced speed. We find that the ‘Full-Shinkansen’ quickly increases rail and total public transport trips and generates additional rail demand year on year. The ‘Mini-Shinkansen’ impacts are less pronounced. Furthermore, our analysis shows that the Shinkansen has shifted some demand from air to rail once it started operation and increased rail share gradually. We therefore suggest that predictions of demand impacts should carefully distinguish immediate from gradual impacts. We also discuss differences in regional demand in that not all prefectures have gained equally from Shinkansen construction.