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The Value of Time in an Economy with Taxation

The Value of Time in an Economy with Taxation

Valuations of travel time for cost-benefit studies should not be based exclusively on individual values or on the wage rate, but should combine both, with allowance for taxation. But individual values should continue to be used for modal choice models.

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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.

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