Binary Choices Model to Value Motorcyclist's Slight Injury Cost in Surabaya

Abstract

The purpose of this study is to value the subjective cost of slight and serious motorcyclist accident using the stated preference method which is applied into the willingness to pay (WTP) approach. Willingness to pay is one way to assess the cost and impact of road traffic casualties. The purpose of this study is to investigate a relationship between age, income and number of children of the respondent and their willingness to pay for reducing slight injury as a result of motorcyclist accident. Two binary discrete choice models have been determined to obtain the figure of the subjective cost. All the independent variables on both models have the expected signs and are significant at 5% level. The goodness of fit of the model to the data is expressed by rhoo2 and this too falls within the expected range of 0 -1