Scandinavian Working Papers in Economics

Working Papers in Economics,
University of Gothenburg, Department of Economics

No 14: Private vs. Business and Rail vs. Air Passengers: Willingness to pay for Transport Attributes

Fredrik Carlsson ()
Additional contact information
Fredrik Carlsson: Department of Economics, School of Economics and Commercial Law, Göteborg University, Postal: Department of Economics., School of Economics and Commercial Law, Göteborg University, Box 640, SE 40530 GÖTEBORG

Abstract: Using a stated preference survey on passengers travelling by rail or air between the two largest cities in Sweden, we investigate passenger's willingness to pay for improvements of different attributes of the transport modes. We find that both private and business passengers put a substantial value on improvements of the environmental impact from both rail and air. In general, private passengers have much lower fare equivalents for the attribute, which is explained by the fact that business passengers do not pay for the trips themselves. Further, air passengers have higher fare equivalents than what rail passengers have for both rail and air attributes.

Keywords: Valuation of attributes; Intercity transport; Random parameter logit

JEL-codes: C25; R41

17 pages, March 31, 1999

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