Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5067456 | European Economic Review | 2007 | 25 Pages |
Abstract
We estimate a structural model of congestion costs using a Bayesian Nash equilibrium approach: The individual's preference for traveling depends on the anticipated level of congestion, which in turn is determined by travelers' decisions of mobility. The model is estimated using a French transportation household survey. Results confirm the presence of incomplete information and show that aversion to congestion is 6.6% lower during peak times than during off-peak times. A traveler's willingness-to-pay to save 1Â min in traffic is estimated at 0.73 euros during peak times and 0.25 euros during off-peak times.
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Authors
Christelle Viauroux,