ESTIMATING THE VALUE OF TIME: AN ADDITIONAL MISSPECIFICATION ERROR

This note is an extension of arguments made in an earlier article by J. Guttman in this journal. It points out a specification error in estimating the value of time when parking costs are added to modal running costs, to create a single cost variable. After developing arguments for separating modal costs from parking costs, estimates for Toronto are provided. These estimates demonstrate the magnitude of this type of aggregation bias. (a) /TRRL/

  • Availability:
  • Corporate Authors:

    Elsevier

    Radarweg 29
    Amsterdam,   Netherlands  1043 NX
  • Authors:
    • Gillen, D W
  • Publication Date: 1977-3

Media Info

  • Features: Figures; References;
  • Pagination: p. 85-89
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00156482
  • Record Type: Publication
  • Source Agency: Transport and Road Research Laboratory (TRRL)
  • Report/Paper Numbers: Analytic
  • Files: ITRD, TRIS
  • Created Date: Oct 13 1977 12:00AM