How should business travel time savings be valued?

Mark Wardman, Richard Batley, James Laird, Peter Mackie and John Bates

Economics of Transportation, 2015, vol. 4, issue 4, 200-214

Abstract: This paper provides the most extensive appraisal yet of the methods for valuing business travel time savings. From both theoretical and empirical perspectives, we review the traditional Cost Savings Approach (CSA), which has long been dominant in appraisal practice worldwide, alongside its main rivals, namely the Hensher Equation (HE) and the Willingness-To-Pay (WTP) approach.

Keywords: Business Travel; Valuations; Appraisal; Review; Hensher Equation (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecotra:v:4:y:2015:i:4:p:200-214

DOI: 10.1016/j.ecotra.2015.08.003

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