Vehicle value of travel time savings: Evidence from a group-based modelling approach
نویسندگان
چکیده
منابع مشابه
Investigating the distribution of the value of travel time savings
The distribution of the value of travel time savings (VTTS) is investigated employing nonparametric techniques on a large, high quality data set. When background variables are not included in the model it is found that the right tail of the distribution is not observed and hence the mean VTTS cannot be evaluated. This conclusion changes when background variables are introduced into a semiparame...
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The Swiss study of the value of travel time savings (VTTS), conducted by König, Axhausen und Abay (2004) reported unexpectedly high values for shopping trips from early experimental stated preference experiments, which were finally not included in the main study. Therefore a study focusing only shopping travel was conducted to see, if these results could be replicated. This study estimates VTTS...
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Daylight savings time (DST) represents a public good with costs and benefits. We provide the first comprehensive examination of the welfare effects of the spring and autumn transitions for the UK and Germany. Using individual-level data and a regression discontinuity design, we estimate the effect of the transitions on life satisfaction. Our results show that individuals in both the UK and Germ...
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Travel time reliability is a fundamental factor in travel behavior. It represents the temporal uncertainty experienced by travelers in their movement between any two nodes in a network. The importance of the time reliability depends on the penalties incurred by the travelers. In road networks, travelers consider the existence of a trip travel time uncertainty in different choice situations (dep...
متن کاملValue of Travel Time :Theoretical and Empirical Method
The value of travel time savings (VTTS) is the monetary value attached to save a determined amount of travel time. VTTS is also the most important benefit category aimed at justifying investments in transport infrastructures by public administrations. Hence VTTS played a significant role in various economic studies, both analytical and empirical (Zamparini & Reggiani, 2007). "It is difficult to...
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ژورنال
عنوان ژورنال: Transportation Research Part A: Policy and Practice
سال: 2016
ISSN: 0965-8564
DOI: 10.1016/j.tra.2016.03.016