The author attempts to define the value attached to savings in travel time by travellers at the marginal moment when this savings compels them to change their usual mode of transport. From statistical data collected in Sydney in 1971, he prepares tables giving the hourly values of the time saved, calculated by means of a mathematical model for several trip lengths, amounts of time saved and annual incomes. He recognises that this value decreases with the time saved and the trip length; he introduces a notion of thresh-hold, under which the amount of time saved is not felt and discusses these results.

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  • Corporate Authors:

    London School of Economics and Political Science

    Houghton Street, Aldwych
    London WC2A 2AE,   England 
  • Authors:
    • Hensher, D E
  • Publication Date: 1976-5

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Filing Info

  • Accession Number: 00148611
  • Record Type: Publication
  • Source Agency: International Union of Railways
  • Files: TRIS
  • Created Date: Aug 31 1977 12:00AM