1. Valuing travel time savings: A case of short-term or long term choices?
- Author
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Beck, Matthew J., Hess, Stephane, Cabral, Manuel Ojeda, and Dubernet, Ilka
- Subjects
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TIME travel , *TRAVEL costs , *TRAVEL agents , *VOYAGES & travels , *TIME perception - 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. [ABSTRACT FROM AUTHOR]
- Published
- 2017
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