Uncovering the Distribution of Motorists' Preferences for Travel Time and Reliability
利用混合Logit模型分析通勤者选择付费使用快速路的数据，发现驾车者对出行时间和可靠性有高估值且个体差异大，为设计更高效公平的道路定价政策提供依据。
We apply recent econometric advances to study the distribution of commuters' preferences for speedy and reliable highway travel. Our analysis applies mixed logit to combined revealed and stated preference data on commuter choices of whether to pay a toll for congestion-free express travel. We find that motorists exhibit high values of travel time and reliability, and substantial heterogeneity in those values. We suggest that road pricing policies designed to cater to such varying preferences can improve efficiency and reduce the disparity of welfare impacts compared with recent pricing experiments.