Abstract

MARQUEZ DIAZ, Luis Gabriel. WILLINGNESS TO PAY FOR A HIGH-SPEED PASSENGER RAIL SERVICE BETWEEN BARRANQUILLA AND CARTAGENA. Rev.EIA.Esc.Ing.Antioq [online]. 2016, n.26, pp.83-94. ISSN 1794-1237.

This paper shows the factors influencing the willingness to pay (WTP) for a new high-speed passenger rail service between Barranquilla and Cartagena. We used the contingent valuation as an instrument for data collection and we conducted a sequential experimental design in order to identify factors that have significant effect on DAP, which average value was $29,000 Colombian pesos. We calibrated a first order regression model to explain the DAP based on the variables: headway, travel time and Wi-Fi availability and electrical outlets. The optimization process greatly enhanced the DAP to a cost of $39,000 Colombian pesos, which is considered very low compared with international benchmarks for these services, concluding that it calls into question the viability of the proposed system.

Keywords : Willingness to pay; High-speed passenger rail service; ANOVA; Multiple Linear Regression.

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