A study of passengers' willingness to pay for business class seats of high-speed rail in Taiwan

Transportmetrica A: Transport Science

Volumn 9, Issue 3, 2013, Pages 223-238

  Jou, Rong Chang ^a   Chien, Jung Yi ^a   Wu, Yuan Chan ^a  

^a NATIONAL CHI NAN UNIVERSITY   (Taiwan)

Author keywords

high speed rail; spike model; willingness to pay

Indexed keywords

CONVENTIONAL MODELS; HIGH SPEED RAIL; NOISE LEVELS; OFF-PEAK PERIODS; SPIKE MODELS; TRANSPORTATION MARKETS; USAGE RATE; WILLINGNESS TO PAY;

MECHANICAL ENGINEERING; TRANSPORTATION;

COMPETITION;

EID: 84876016348     PISSN: 23249935     EISSN: 23249943     Source Type: Journal    
DOI: 10.1080/18128602.2011.565816     Document Type: Article

References (24)

1. Aurelia, BM, Ana Ma, FE and del Salvador, SS. 2005. A comparison of empirical models used to infer the willingness to pay in contingent valuation. Empirical Economics, 30: 235-244. (doi:10.1007/s00181-005-0236-x)
2. Calia, P and Strazzera, E. 2000. Bias and efficiency of single versus double bounded models for contingent valuation studies: a Monte Carlo analysis. Applied Economics, 32: 1329-1336. (doi:10.1080/000368400404489)
3. Chang, JS and Lee, JH. 2008. Accessibility analysis of Korean high-speed rail: a case study of the Seoul metropolitan area. Transportation Planning and Technology, 28: 87-103.
4. Chang, I and Chang, GL. 2004. A network-based model for estimating the market share of a new high-speed rail system. Transportation Planning and Technology, 27: 67-90. (doi:10.1080/0308106042000218186)
5. Freeman, AM. 2003. The measurement of environmental and resource values: theory and method, Washington, DC: Resources for the Future.
6. Foridh, O. 2005. Market effects of regional high-speed trains on the Svealand line. Journal of Transport Geography, 12: 352-361. (doi:10.1016/j.jtrangeo.2004.12.006)
7. González-Savignat, M. 2004. Will the high-speed train compete against the private vehicle?. Transport Reviews, 24: 293-316. (doi:10.1080/0144164032000083103)
8. Hackl, F and Pruckner, GJ. 1997. On the gap between payment card and closed-ended CVM-answers. Applied Economics, 31: 733-742. (doi:10.1080/000368499323940)
9. Hanemann, WH. 1984. Welfare evaluations in contingent valuation experiments with discrete responses. American Journal of Agricultural Economics, 66(3): 332-341. (doi:10.2307/1240800)
10. Hanemann, WM, Loomis, J and Kanninen, B. 1991. Statistical efficiency of Double-Bounded Dichotomous choice contingent valuation. American Journal of Agricultural Economics, 73: 1255-1263. (doi:10.2307/1242453)
11. Hoehn, JP and Randall, A. 1987. A satisfactory benefit cost indicator from contingent valuation. Journal of Environment Management, 14: 226-247.
12. Jou, R.C., Wu, Y.C., and Chen, K.H., 2011. Analysis of environmental benefits of a motorcycle idling stop policy at urban intersections. Transportation (forthcoming).
13. Kanninen, BJ and Kriström, B. 1993. Sensivity of willingness-to-pay estimates to bid design in Dichotomous choice contingent valuation models: comment. Land Economic, 69: 199-202. (doi:10.2307/3146522)
14. Kristroöm, B. 1997. Spike models in contingent valuation models. American Journal of Agricultural Economics, 79: 1013-1023. (doi:10.2307/1244440)
15. Martin, JC and Nombela, G. 2007. Microeconomic impacts of investments in high speed trains in Spain. The Annals of Regional Science, 4: 715-733. (doi:10.1007/s00168-007-0116-8)
16. Milan, J. 1993. A model of competition between high speed rail and air transport. Transportation Planning and Technology, 17: 1-23. (doi:10.1080/03081069308717496)
17. Park, Y and Ha, HK. 2006. Analysis of the impact of high-speed railroad service on air transport demand. Transportation Research Part E, 42: 95-104. (doi:10.1016/j.tre.2005.09.003)
18. Román, C, Espino, R and Martín, JC. 2007. Competition of high-speed train with air transport: the case of Madrid-Barcelona. Journal of Air Transport Management, 13: 277-284. (doi:10.1016/j.jairtraman.2007.04.009)
19. Tam, ML, Lam, WHK and Po, LoH. 2008. Modeling air passenger travel behavior on airport ground access mode choices. Transportmetrica, 4: 135-153. (doi:10.1080/18128600808685685)
20. Vaughan, W.J., et al., 1999. Willingness to pay: referendum contingent valuation and uncertain project benefits. Sustainable Development Department Technical Papers Series, ENV-130E, Inter-American Development Bank, Washington, DC.
21. Wong, WG. 2002. High-speed rail operations on an existing network: an assessment model for China. Transportation Planning and Technology, 25: 239-254. (doi:10.1080/0308106022000019008)
22. Yoo, SH and Kwak, SJ. 2002. Using a spike model to deal with zero response data from Double Bounded Dichotomous Choice Contingent Valuation Surveys. Applied Economics Letters, 9: 929-932. (doi:10.1080/13504850210139378)
23. Yoo, SH, Shin, CO and Kwak, SJ. 2006. Inconvenience cost of spam mail: a contingent valuation study. Applied Economics Letters, 13: 933-936. (doi:10.1080/13504850500425725)
24. Zito, P., et al., 2011. The effect of advanced traveller information systems on public transport demand and its uncertainty. Transportmetrica, 7 (1), 31-43.