Automation and the Value of Time in Passenger Transport

Mogens Fosgerau

No 2019/10, International Transport Forum Discussion Papers from OECD Publishing

Abstract: This paper reiterates the basic principles and rationale for valuing travel time savings. It explains the type of impacts that the valuation of travel time savings intends to capture and discusses whether and how those fundamental principles continue to hold with automation and increased possibility of productive time use while travelling. The paper also discusses implications for traffic management and urban form that follow from increased in-vehicle productivity.

Date: 2019-10-09
New Economics Papers: this item is included in nep-reg, nep-tre and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:oec:itfaab:2019/10-en

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