Value of Time for Commercial Vehicle Operators

Brian Smalkoski and David Levinson

Journal of the Transportation Research Forum, 2005, vol. 44, issue 01

Abstract: Value of time was estimated for commercial vehicle operators in Minnesota to quantify the effects of spring load restrictions. A sample was constructed from several trucking industry sources to conduct a survey. Interviews were conducted using an adaptive stated preference (ASP) survey to derive an estimate to the nearest dollar. A tobit model was fi t to the data from the interviews to derive the estimate for value of time, $49.42 per hour. Variation in the distribution of values is explained in part by fleet operation: whether the firm operates as a for-hire carrier or a private carrier.

Keywords: Institutional; and; Behavioral; Economics (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (4)

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https://ageconsearch.umn.edu/record/206748/files/781-891-1-PB.pdf (application/pdf)

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Working Paper: Value of Time for Commercial Vehicle Operators (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ndjtrf:206748

DOI: 10.22004/ag.econ.206748

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