Meta-analysis of UK Values of Time: An Update

Abstract

There have been a very large number of travel behavior studies carried out in the United Kingdom (UK) over the past three decades, and there have been few attempts at integrating this body of work in order to identify systematic patterns in model results and test the consistency of different estimates. This paper extends previous meta-analyses of UK values of time and elasticities. Data covering studies from 2000 is added along with new data on car and journey time elasticities. This will allow more detailed and robust analysis of parameter values.

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