Experiences from the Swedish Value of Time study

Maria Börjesson (maria.borjesson@abe.kth.se) and Jonas Eliasson (jonas.eliasson@liu.se)
Additional contact information
Maria Börjesson: KTH, Postal: Centrum för Transportstudier (CTS), Teknikringen 10, 100 44 Stockholm, Sweden

No 2012:8, Working papers in Transport Economics from CTS - Centre for Transport Studies Stockholm (KTH and VTI)

Abstract: We provide a synthesis of results and insights from the Swedish Value of Time study, with focus on what is relevant for transport appraisal and understanding travel behaviour. We summarize recent econometric advances, and show how these enable a better understanding and identification of the value of time distribution. The influence of the sign and size of changes is estimated and discussed, including the problems of loss aversion and the value of small time savings. Further, we show how the value of time depends on trip and traveller characteristics, discuss in what dimensions the value of time should be differentiated in appraisal, and provide recommended values for use in applied transport appraisal.

Keywords: Value of time; Appraisal; Cost-benefit analysis; Travel behaviour; Weighted cost-benefit analysis (search for similar items in EconPapers)
JEL-codes: C25 D61 J22 R41 R42 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2012-03-13
New Economics Papers: this item is included in nep-tre, nep-tur and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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http://www.transportportal.se/SWoPEc/CTS2012-8.pdf (application/pdf)

Related works:
Journal Article: Experiences from the Swedish Value of Time study (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:ctswps:2012_008

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