The Myth of Travel Time Saving

The idea that the main benefit of improvements to transport infrastructure is the saving of travel time has been central to transport economic analysis. There is, however, little empirical evidence to support this proposition. Indeed, in the long run average travel time is conserved, implying that travelers take the benefit of improvements in the form of additional access to more distant destinations made possible by higher speeds. Such a perspective, based on considerations of the value of access, has implications for economic appraisal, modeling and policy.

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  • Supplemental Notes:
    • Transport Reviews, volume 28, number 6, November 2008, contains 7 papers with comments and responses to The Myth of Travel Time Saving and the author's reply. Abstract reprinted with permission from Taylor and Francis.
  • Authors:
    • Metz, David
  • Publication Date: 2008-5

Language

  • English

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  • Accession Number: 01103525
  • Record Type: Publication
  • Files: TRIS, ATRI
  • Created Date: Jun 11 2008 11:01AM