THE EVALUATION OF TRAVELLING TIME

THE LITERATURE OF TRANSPORT ECONOMICS CONTAINS A NUMBER OF CONTRIBUTIONS TO THE QUESTION OF HOW VALUES OF 'REDUCTION OF TRAVELLING TIME' CAN BE DETERMINED. THIS ARTICLE SUMMARIZES SOME OF THE THEORETICAL PROBLEMS INVOLVED AND MAKES SOME COMMENTS ON THE EMPIRICAL DATA. THE THEORETICAL ASPECTS ARE EXAMINED IN TWO STAGES. IN THE FIRST IT IS ASSUMED (1) THAT EVERY INDIVIDUAL CAN APPROXIMATELY ADJUST THE LENGTH OF HIS WORKING WEEK SO AS TO MAXIMIZE HIS SUBJECTIVE WELFARE AND (2) THAT A REDUCTION OF TRAVELLING TIME IS EQUIVALENT TO AN INCREASE IN THE EFFECTIVE TIME AVAILABLE TO HIM FOR EITHER WORK OR LEISURE. THE SECOND STAGE CONSISTS OF DROPPING THESE ASSUMPTIONS AND CONSIDERING THE CONSEQUENCES OF RIGIDITIES IN THE WORKING WEEK AND OF THE POSSIBILITY THAT TRAVELLING TIME MAY ITSELF HAVE A (POSITIVE OR NEGATIVE) UTILITY. SOME COMPLICATIONS IN EMPIRICAL EVALUATIONS LEAD TO THE CONCLUSION THAT RESULTS OF PARTICULAR TESTS CANNOT BE APPLIED WITHOUT QUALIFICATION TO OTHER SITUATIONS. MUCH MORE EMPIRICAL RESEARCH IS NEEDED BEFORE THE RESULTS CAN BE USED IN SOCIAL COST-BENEFIT ANALYSIS WITH ANY DEGREE OF CONFIDENCE. /AUTHOR/

  • Availability:
  • Supplemental Notes:
    • Vol Iii, pp 279-286
  • Corporate Authors:

    London School of Economics and Political Science

    Houghton Street, Aldwych
    London WC2A 2AE,   England 
  • Authors:
    • Oort, C J
  • Publication Date: 1969-9

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Filing Info

  • Accession Number: 00201768
  • Record Type: Publication
  • Source Agency: Traffic Systems Reviews & Abstracts
  • Files: TRIS
  • Created Date: Jun 1 1970 12:00AM