Finished projects

Value of time in Dominican Republic.

Duration

Project supervisor

Project Description

Country

2015


Dr. Ing. Lissy La Paix


Value of time in Dominican Republic: Contributed to transport models for Dominican Republic in collaboration with Louis Berger.

In this study we corrected the VoT by adding an scale factor of education level in the utility function. Additionally, we corrected the unobserved factors of taste variation of respondents, by controlling the panel effects (effect of repeated choices by the same respondent). The VOT, for the case or road pricing WTP, is a crucial issue in the design of toll. As can be seen, the new VOT increased the traffic volumes substantially, as expected.

Dominican Republic