Meta-Analysis and the Value of Travel Time Savings: A Transatlantic Perspective in Passenger Transport

Luca Zamparini () and Aura Reggiani ()

Networks and Spatial Economics, 2007, vol. 7, issue 4, 377-396

Abstract: The value of travel time savings (VTTS) is the monetary value attached to the possibility to save a determined amount of travel time. VTTS is also the most important benefit category aimed at justifying investments in transport infrastructures by public administrations. Hence VTTS played a significant role in various economic studies, both analytical and empirical. The present paper introduces a brief history of meta-analysis and describes the microeconomic formula used in VTTS estimations. It also provides a meta-analytical estimation of a selection of empirical studies, emphasizing the similarities and the differences between European and North-American observations. Copyright Springer Science+Business Media, LLC 2007

Keywords: Meta-analysis; Value of travel time savings; Passenger transport (search for similar items in EconPapers)
Date: 2007
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DOI: 10.1007/s11067-007-9028-5

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