Economics at your fingertips  

Valuing travel time savings: A case of short-term or long term choices?

Matthew J. Beck, Stephane Hess, Manuel Ojeda Cabral and Ilka Dubernet

Transportation Research Part E: Logistics and Transportation Review, 2017, vol. 100, issue C, 133-143

Abstract: The valuation of travel time is of crucial importance in many transport decisions. Most studies make use of data framed around short-term decisions such as route choice. However, people may have a greater ability to trade time and money in a longer term setting, such as when considering changes in residential or employment locations. We study the value of travel time in both the short and long-term, finding differences in the valuations. Given the importance of these valuations for policy making, our results call for more research into how time-cost trade-offs should be represented with stated preference.

Keywords: Value of time; Commuting; WTA; WTP; Short and long-term choices; Framing effects (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
http://www.elsevier. ... 600244/bibliographic

DOI: 10.1016/j.tre.2017.02.001

Access Statistics for this article

Transportation Research Part E: Logistics and Transportation Review is currently edited by W. Talley

More articles in Transportation Research Part E: Logistics and Transportation Review from Elsevier
Bibliographic data for series maintained by Haili He ().

Page updated 2020-05-02
Handle: RePEc:eee:transe:v:100:y:2017:i:c:p:133-143