Valuing travel time savings: A case of short-term or long term choices?

The valuation of travel time is of crucial importance in many transport decisions. Most studies make use of data framed around short-term decisions such as route choice. However, people may have a greater ability to trade time and money in a longer term setting, such as when considering changes in residential or employment locations. The authors study the value of travel time in both the short and long-term, finding differences in the valuations. Given the importance of these valuations for policy making, their results call for more research into how time-cost trade-offs should be represented with stated preference.

Language

  • English

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 01629864
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Mar 10 2017 4:25PM