• Title/Summary/Keyword: noncommodity

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Measuring Social Benefit of Mitigation of In-Vehicle Congestion Level in Intercity Buses (광역버스 차내혼잡도 완화의 경제적 편익측정에 관한 연구)

  • RYU, Sikyun;HAN, Siwon;YOU, Jaesang
    • Journal of Korean Society of Transportation
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    • v.34 no.6
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    • pp.523-534
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    • 2016
  • The purpose of this study is to develope a method for measuring social benefit by mitigating in-vehicle congestion level in intercity buses. Contingent valuation method and Tobit model are adopted for social benefit evaluation method. One thousand passengers were interviewed with 992 obtained valid samples. Tobit models with age, income level, and bus boarding times as explanatory variables are selected to estimate the willingness to pay for the mitigation of intercity bus in-vehicle congestion. Statistically and logically, two models with age or income level as explanatory variables are turned out to be valid. The intercity bus service supply status and usage are examined and the bus users who have willingness-to-pay for the intercity bus in-vehicle congestion mitigation have been identified. In case of the 'no standing' rules implemented to the intercity bus, the annual economic benefit from the service is estimated to be 14.7 billion won.