United States Department of Transportation
i
Answering Aggregation Questions in Contingency Valuation of Rural Transit Benefits
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2001-08-01
[PDF-714.83 KB]
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TRIS Online Accession Number:00816447
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Edition:Final Report
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Abstract:While the qualitative benefits of transit are relatively well known, quantifying the benefits of transit is still a developing methodology. Quantifying benefits offers improved operational management and planning as well as better information for policy makers. But most benefits are in non-market areas and, as such, require tools like contingent valuation to quantify them. This tool has several implementation problems, one of which is how to aggregate individual quantitative responses into regional or system wide total benefits. This study looks at the alternatives of aggregation via households versus individual responses, seeking the appropriate aggregation level. A data set from responses to an earlier TransNow research project is used as a base. Telephone interviews with those respondents will investigate socioeconomic characteristics, relative importance of benefits and the level of aggregation applicable to each respondent. The results should answer aggregation questions and provide improved estimates of benefits. Prepared in cooperation with Washington State Univ., Pullman. Dept. of Agricultural Economics. Sponsored by Department of Transportation, Washington, DC.;pg 28
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