The Value of Commuter travel Time Savings. empirical Estimation Using an Alternative Valuation Method.

The Value of Commuter travel Time Savings. empirical Estimation Using an Alternative Valuation Method.

A model is presented for the valuation of travel time saved in relation to income, trip length and the amount of time saved. If time saved is small in proportion to trip length, it may fall into an "insensitive region" and not be perceived at all.

Share Content

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn

Related Articles

Values of Risk Reduction Implied by Motorist Use of Protection Equipment

This study derives the implied values of reducing the risks of fatal and non-fatal injuries for different road user populations. Values are obtained for “typical” adults, children (as implied by their parents’ actions) and adults who ride motorcycles. Also considered is whether individuals evaluate small time increments consistently with larger time allocations.

View Journal »