Research Article
A Study on High-Speed Rail Pricing Strategy in the Context of Modes Competition
Table 4
Estimations of middle-income group (
-statistics are in parentheses).
| | | HSR | Conventional rail | Air | Road |
| | Constant | | | 2.3909 (6.881) | | | Travel time (h) | −0.7663 (−8.914) | −0.4649 (−3.718) | −0.7663 (−8.914) | −0.4649 (−3.718) | | Travel cost (CNY/100) | −1.0534 (−8.885) | −1.4410 (−3.208) | −1.0534 (−8.885) | −1.4410 (−3.208) | | Profession | 0.3680 (2.329) | 0.3680 (2.329) | 0.3680 (2.329) | | | Trip purpose | 0.3809 (2.583) | | 0.3809 (2.583) | | | Logsum | 1.3068 (8.266) | | 0.3368 | | Sample size | 1431 | | VOTT (CNY/h) | 72.75 | | | |
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