Valuing Travel Time And Reliability From Emerging Connected Vehicle Data

Isaac Mann and David M. Levinson
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David M. Levinson: TransportLab, School of Civil Engineering, University of Sydney

Working Papers from University of Minnesota: Nexus Research Group

Abstract: The value of travel time and reliability are significant economic parameters in canonical transport Cost–Benefit Analysis. Our study employs connected vehicle data paired with Sydney, Australia’s, extensive toll road network to introduce a novel approach to valuing these metrics. Toll uptake makes the time–money trade-off explicit: travellers pay to avoid congestion. While toll choices have long been used to infer time valuation, a networkwide approach incorporating passive revealed preferences has not yet been explored. We design choice sets using methods termed route ‘observation’ and ‘generation’, and estimate time and reliability valuations using mixed-path size logit. Our findings align closely with official estimates used in project appraisal, and set the stage for panel revealed preference studies as connected vehicles occupy more of the vehicle fleet.

Keywords: transportation; road transport; transport networks; automated vehicles (search for similar items in EconPapers)
JEL-codes: R40 (search for similar items in EconPapers)
Date: 2025
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Published in Economics of Transportation 44 100427

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https://doi.org/10.1016/j.ecotra.2025.100427 Published version landing page, 2025 (text/html)

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Persistent link: https://EconPapers.repec.org/RePEc:nex:wpaper:paper-2025-08

DOI: 10.1016/j.ecotra.2025.100427

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