Valuation of Travel Time Savings: A Direct Experimental Approach

David A. Hensher

61 citations0/0 files storedJournal of Transport Economics and Policy

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Economic and Environmental Valuation Transportation Planning and Optimization Transportation and Mobility Innovations

Abstract

Direct experiment is a new way of valuing time savings. The authors asked people to grade various combinations of walk, wait and invehicle time. They assess the usefulness of the method and possible improvements.

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References

1965A Theory of the Allocation of Time 1978DETERMINANTS of travel choice 1985Measurement of Travel Time Values and Opportunity Cost from a Discrete-Choice Model 1978The subjective value of the time spent in travel 1974Empirical estimation of the value of travel time using multi mode choice models 1983Valuing savings in non working travel time: The empirical dilemma

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2001Stated‐Preference Methods for Valuing Environmental Amenities

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