REVEALED VALUE OF TIME IN AIR TRAVEL

The author demonstrates a new revealed preference approach to evaluating time, and uses this method to obtain estimates of the value of time in air travel. Shows that the full price demand functions may be obtained from demand theory, and the restrictions on these demand functions provide an indirect means of estimating the value of time. This value is estimated from air travel data, via the indirect procedure developed, from other demand studies. The author reaches conclusions as to the effect of flat rate far increases in various markets.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/00346535
• Corporate Authors:

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  ,   United States 
• Authors:
  • Devany, A
• Publication Date: 1974-2

Media Info

• Features: References; Tables;
• Pagination: p. 77-82
• Serial:
  • Review of Economics and Statistics
  • Volume: 56
  • Issue Number: 1
  • Publisher: Harvard University Press
  • ISSN: 0034-6535

Subject/Index Terms

• TRT Terms: Air transportation; Data analysis; Demand; Fares; Mathematical analysis; Present value; Pricing; Travel time
• Uncontrolled Terms: Value
• Subject Areas: Aviation; Economics; Passenger Transportation;

Filing Info

• Accession Number: 00170829
• Record Type: Publication
• Source Agency: European Conference of Ministers of Transport
• Files: TRIS
• Created Date: Jun 28 1978 12:00AM