CONCEPTUAL PROBLEMS IN EVALUATION OF TRAVEL TIME

Shalom Reichman

10 citations0/0 files storedTransportation Research Record Journal of the Transportation Research Board

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Transportation Planning and Optimization transportation and logistics systems Economic and Environmental Valuation

Abstract

A number of conceptual problems in the evaluation of time as currently practiced are discussed. A number of assumptions implicit in a theoretical approach to the value of time are stated explicitly, and two economic analyses of the value of time are compared. This involves, in particular, a critical discussion of the validity of the modified consumer behavior theory as it is currently being applied to this problem. A suggestion for broadening the issues involved is made stressing some properties of time that have so far not been included in the research effort.

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1965A Theory of the Allocation of Time 1976A New Approach to Consumer Theory 1966Cost-Benefit Analysis: A Survey 1966TRAVEL TIME AND THE PRICE OF LEISURE 1969The Evaluation of Travelling Time 1963Value of Time, Choice of Mode, and the Subsidy Issue in Urban Transportation 1970THE VALUE OF TIME FOR COMMUTING MOTORISTS AS A FUNCTION OF THEIR INCOME LEVEL AND AMOUNT OF TIME SAVED 1966MODAL SPLIT. DOCUMENTATION OF NINE METHODS FOR ESTIMATING TRANSIT USAGE

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