Valuing Travel Time Savings: Case of Short-Term or Long-Term Choices?

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Author(s) Beck, Matthew J., Hess, Stephane, Ojeda Cabral, Manuel, Dubernet, Ilka
Publication Type Journal Items, Publication Status: Published
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Title Valuing Travel Time Savings: Case of Short-Term or Long-Term Choices?
Author(s) Beck, Matthew J.
Hess, Stephane
Ojeda Cabral, Manuel
Dubernet, Ilka
Journal or Series Title Transportation Research Part E: Logistics and Transportation Review
Volume Number 100
Start Page 133
End Page 143
ISSN 1366-5545
Publisher Elsevier
Publication Place Amsterdam
Publication Date 2017-04
Keyword(s) Value of time
Commuting
WTA
WTP
Short and long-term choices
Framing effects
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.
Event Name 95th Annual Meeting of the Transportation Research Board (TRB 2016)
Event Location Washington, DC, USA
Event Date January 10-14, 2016
Document Type Article
Publication Status Published
Language English
Assigned Organisational Unit(s) 03521
Organisational Unit(s)
NEBIS System Number 004141982
Source Database ID FORM-1438934990
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@article{Bck2017,
  author = "Beck, Matthew J. and Hess, Stephane and Ojeda Cabral, Manuel and Dubernet, Ilka",
  title = "{V}aluing {T}ravel {T}ime {S}avings: {C}ase of {S}hort-{T}erm or {L}ong-{T}erm {C}hoices?",
  journal = "Transportation Research Part E: Logistics and Transportation Review",
  year = 2017,
  volume = "100",
  pages = "133--143",
  month = apr,
}


E-Citations record created: Fri, 07 Aug 2015, 08:10:03 CET