THE NORWEGIAN VALUE OF TIME STUDY: SOME PRELIMINARY RESULTS

This paper presents some preliminary results from the Norwegian Value-of-Time (VOT) Study, whose main purpose is to provide VOT savings values for social cost-benefit analysis. It relies mainly on the Stated Preference (SP) technique, but has also used the Transfer Price (TP) technique. The study's scope is limited to passenger travel within Norway, focusing on private travel, including commuting, and business travel. The theoretical basis for the study is like that for comparable studies in the UK and The Netherlands. The dimensions used include trip length, travel purpose, urban and inter-urban travel modes, personal data, time of day, week, weather, congestion, speed, car occupancy, travelling party size, and taxation or subsidies. Surveys for car and air modes were conducted at home, while those for rail and bus were conducted on board; both methods were used for ferry mode. Each respondent was given two SP games, one for the chosen mode and another for an alternative mode that would be chosen for the same trip. The SP games were followed by TP questions about willingness to pay for specific improvements or save for increased travel time. The mathematical models and results for private and business travel are presented, and the results from the TP and SP studies are compared. For the covering abstract, see IRRD E100587.

• Corporate Authors:

  PTRC Education and Research Services Limited

  Glenthorne House, Hammersmith Grove
  London W6OL9,   England 
• Authors:
  • Ramjerdi, F
  • Rand, L
  • Saelensminde, K
• Conference:
  • Proceedings of the Value of Time seminar, held 29-30 October 1996. Session 4
• Publication Date: 1996

Language

• English

Media Info

• Features: References;
• Pagination: 24 p.

Subject/Index Terms

• TRT Terms: Attitudes; Benefit cost analysis; Conferences; Economic factors; Economics; Intercity transportation; Interviewing; Mathematical models; Public transit; Research projects; Theory; Time; Transportation; Travel; Urban areas; Value engineering; Work trips
• Geographic Terms: Norway
• ITRD Terms: 2267: Attitude (psychol); 8525: Conference; 226: Cost benefit analysis; 263: Economics of transport; 388: Inter urban; 9147: Interview; 698: Journey; 621: Journey to work; 6473: Mathematical model; 8084: Norway; 744: Public transport; 8557: Research project; 9078: Theory; 5414: Time; 313: Urban area; 248: Value analysis
• Subject Areas: Economics; Transportation (General);

Filing Info

• Accession Number: 00764329
• Record Type: Publication
• Source Agency: Transport Research Laboratory
• Files: ITRD
• Created Date: May 28 1999 12:00AM