Proceedings of the Eastern Asia Society for Transportation Studies
Vol.7 (The 8th International Conference of Eastern Asia Society for Transportation Studies, 2009)
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Academic Paper
Study of Willingness to Pay for Reducing Lost Time of Railway Users
Kazuyuki Takada*Makoto Fujiu
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p. 255

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This paper analyzed the willingness to pay for reducing the lost time using questionnaire survey on CVM for railway users in Tokyo Metropolitan Area. Firstly, we comprehend characteristics of railway accidents. As the result, suicide is dominant cause of railway accident. There are some tendencies that suicide is increasing and vehicle trouble is decreasing. Secondly, we comprehend characteristics of WTP. We estimate the WTP function using survival analysis. Furthermore, in this research, the expectation of WTP was estimated. As the result, it become cleared that expectation of WTP is proportional to reduced time and expectation of WTP depends on the lost time under the same reduced time.

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© 2009 Eastern Asia Society for Transportation Studies
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