The Impact of Traffic Images on Travel Time Valuation in Stated Preference Choice Experiments

The METRANS Transportation Center, housed at both USC and Cal State Long Beach, presents a METRANS seminar featuring Seiji Steimetz, is a Associate Professor of Economics at the California State University Long Beach.
He develops a simple but modern stated-preference (SP) choice experiment to analyze the impact of traffic images on the estimated value of travel time savings (VTTS). Our results indicate that traffic images, however rudimentary, can substantially influence travel-time valuation, thus compelling further research on incorporating them into SP experimental design.
Seiji Steimetz is Associate Professor of Economics at the California State University, Long Beach, and a faculty affiliate of the METRANS Transportation Center. His research interests include transportation, urban and environmental economics, and applied economics. Dr. Steimetz has published his research in leading economic and interdisciplinary journals.