A pooled RP/SP mode, route and destination choice model to investigate mode and user-type effects in the value of travel time savings
Stefanie Peer (),
Sergio Jara-Diaz and
Kay W. Axhausen
Transportation Research Part A: Policy and Practice, 2019, vol. 124, issue C, 262-294
Being of great importance for transportation policy appraisals, we investigate mode and user-type effects in the value of travel time savings (VTTS) using a pooled RP/SP Mixed Logit modeling approach for mode, route and destination choice data. For a representative sample of Austrian workers, our analysis reveals population-weighted median VTTS estimates for car (12.3 Euro/h), public transportation (PT; 8.1 Euro/h), bike (11.7 Euro/h) and walk (10.2 Euro/h).
Keywords: Value of travel time savings; Austrian workers; Mode effects; User-type effects; Discrete choice (search for similar items in EconPapers)
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