Commuters' valuation of travel time variability
Asensio Ruiz de Alda, Francisco Javier (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada)
Matas i Prat, Anna (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada)

Date:	2008
Description:	12 pàg.
Abstract:	The value given by commuters to the variability of travel times is empirically analysed using stated preference data from Barcelona (Spain). Respondents are asked to choose between alternatives that differ in terms of cost, average travel time, variability of travel times and departure time. Different specifications of a scheduling choice model are used to measure the influence of various socioeconomic characteristics. Our results show that travel time variability is valued on average 2. 4 times more than travel time savings. Heterogeneity among commuters in terms of restrictions about the starting work time is shown to have significant effects on the value of travel time variability.
Rights:	Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, i la comunicació pública de l'obra, sempre que no sigui amb finalitats comercials, i sempre que es reconegui l'autoria de l'obra original. No es permet la creació d'obres derivades.
Language:	Anglès
Document:	Article ; recerca ; Versió acceptada per publicar
Subject:	Commuting ; Stated preference ; Travel time variability ; Value of time
Published in:	Transportation Research Part E: Logistics and Transportation Review, Vol. 44 Núm. 6 (2008) , p. 1074-1085, ISSN 1366-5545

DOI: 10.1016/j.tre.2007.12.002

Postprint 22 p, 388.1 KB

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