CONCEPTUAL PROBLEMS IN EVALUATION OF TRAVEL TIME

A number of conceptual problems in the evaluation of time as currently practiced are discussed. A number of assumptions implicit in a theoretical approach to the value of time are stated explicitly, and two economic analyses of the value of time are compared. This involves, in particular, a critical discussion of the validity of the modified consumer behavior theory as it is currently being applied to this problem. A suggestion for broadening the issues involved is made stressing some properties of time that have so far not been included in the research effort.

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• Authors:
  • Reichman, Shalom
• Publication Date: 1976

Media Info

• Media Type: Print
• Features: Figures; References;
• Pagination: pp 24-29
• Monograph Title: Value of travel time
• Serial:
  • Transportation Research Record
  • Issue Number: 587
  • Publisher: Transportation Research Board
  • ISSN: 0361-1981

Subject/Index Terms

• TRT Terms: Behavior; Consumers; Evaluation; Innovation; Present value; Travel time
• Uncontrolled Terms: Value
• Old TRIS Terms: Concepts
• Subject Areas: Highways; Operations and Traffic Management;

Filing Info

• Accession Number: 00141941
• Record Type: Publication
• ISBN: 0309025532
• Files: TRIS, TRB
• Created Date: Apr 13 1977 12:00AM