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Experiences from the Swedish Value of Time study
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS.ORCID iD: 0000-0001-9235-0232
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS.ORCID iD: 0000-0003-1789-9238
2014 (English)In: Transportation Research Part A: Policy and Practice, ISSN 0965-8564, E-ISSN 1879-2375, Vol. 59, 144-158 p.Article in journal (Refereed) Published
Abstract [en]

We provide a synthesis of results and insights from the Swedish Value of Time study, with focus on what is relevant for transport appraisal and understanding travel behavior. We summarize recent econometric advances, and show how these enable a better understanding and identification of the value of time distribution. The influence of the sign and size of changes is estimated and discussed, including the problems of loss aversion and the value of small time savings. Further, we show how the value of time depends on trip and traveler characteristics, discuss in what dimensions the value of time should be differentiated in appraisal, and provide recommended values for use in applied transport appraisal.

Place, publisher, year, edition, pages
2014. Vol. 59, 144-158 p.
Keyword [en]
Value of time, Appraisal, Cost-benefit analysis, Travel behavior
National Category
Transport Systems and Logistics
Identifiers
URN: urn:nbn:se:kth:diva-115951DOI: 10.1016/j.tra.2013.10.022ISI: 000331664000011Scopus ID: 2-s2.0-84890206849OAI: oai:DiVA.org:kth-115951DiVA: diva2:588532
Note

QC 20140327. Updated from submitted to published.

Available from: 2013-01-15 Created: 2013-01-15 Last updated: 2017-12-06Bibliographically approved

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Börjesson, MariaEliasson, Jonas

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf