Estimation of the subjective valuation of travel and waiting time savings in the city of Cordoba, Argentina.
DOI:
https://doi.org/10.55444/2451.7321.2011.v49.n2.7491Keywords:
transport demand, stated preferences, multinomial logit, value of timeAbstract
This study uses a stated preference survey to estimate a transport mode choice multinomial logit model for commuting trips. The results allowed the estimation of the subjective value of travel time and waiting time savings for commuting workers in Córdoba. It has been proved that improving bus travel time and waiting time, that could be achieved by implementing exclusive bus lanes, could entail significant incentives for bus use and for reducing car and motorcycle use for commuters and could reduce some of the current traffic congestion at rush hours.
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