Search results for "Risk of loss"

Taste heterogeneity and latent preferences in the choice behaviour of freight transport operators

2013

In this paper we show that individual attitudes of road carriers and their latent preferences toward specific freight service attributes do play a role in determining their mode choices. Specifically, we contribute to the empirical literature on freight agents' mode choice by exploring the role of the "perceived importance" of the most relevant service dimensions in determining the attractiveness of two alternatives to "all-road" transport: logistics terminals and road-sea intermodal services. This is carried out through a revealed/stated preference experiment and a mixture of logit framework. Our results support the hypothesis that operators' attitudes towards time, punctuality and risk of…