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Evidence on the distribution of values of travel time savings from a six-week diary

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  • Cirillo, C.
  • Axhausen, K.W.
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    Abstract

    This paper presents the results of a series of mixed logit models focusing on the distribution of the values of travel time savings. The parametric assumptions include both normal and various bounded distributions derived from the normal (log-normal, Johnson's Sb and a censored normal). The full model, which also incorporates a number of time budget related variables, indicates that a small, but relevant share of the respondents might not value time savings, or would rather extend the journey. This share is consistent with results from other studies. A series of models for the different types of tours indicate even higher potential shares in situations with typically fewer binding time constraints. The RP data used is derived from the six week travel diary Mobidrive. The observations from Karlsruhe are summarised at the level of the tour.

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    Bibliographic Info

    Article provided by Elsevier in its journal Transportation Research Part A: Policy and Practice.

    Volume (Year): 40 (2006)
    Issue (Month): 5 (June)
    Pages: 444-457

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    Handle: RePEc:eee:transa:v:40:y:2006:i:5:p:444-457

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    1. Kay Axhausen & Andrea Zimmermann & Stefan Schönfelder & Guido Rindsfüser & Thomas Haupt, 2002. "Observing the rhythms of daily life: A six-week travel diary," Transportation, Springer, vol. 29(2), pages 95-124, May.
    2. Daniel McFadden & Kenneth Train, 2000. "Mixed MNL models for discrete response," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 15(5), pages 447-470.
    3. Robert Schlich & Kay Axhausen, 2003. "Habitual travel behaviour: Evidence from a six-week travel diary," Transportation, Springer, vol. 30(1), pages 13-36, February.
    4. Mokhtarian, Patricia L & Salomon, Ilan, 2001. "How Derived is the Demand for Travel? Some Conceptual and Measurement Considerations," University of California Transportation Center, Working Papers qt7cx951n5, University of California Transportation Center.
    5. David Hensher & William Greene, 2003. "The Mixed Logit model: The state of practice," Transportation, Springer, vol. 30(2), pages 133-176, May.
    6. Bhat, Chandra R. & Singh, Sujit K., 2000. "A comprehensive daily activity-travel generation model system for workers," Transportation Research Part A: Policy and Practice, Elsevier, vol. 34(1), pages 1-22, January.
    7. Algers, Staffan & Bergström, Pål & Dahlberg, Matz & Lindqvist Dillén, Johanna, 1998. "Mixed Logit Estimation of the Value of Travel Time," Working Paper Series 1998:15, Uppsala University, Department of Economics.
    8. Redmond, Lothlorien S. & Mokhtarian, Patricia L., 2001. "The Positive Utility of the Commute: Modeling Ideal Commute Time and Relative Desired Commute Amount," University of California Transportation Center, Working Papers qt4mc291p2, University of California Transportation Center.
    9. Lyons, Glenn & Urry, John, 2005. "Travel time use in the information age," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(2-3), pages 257-276.
    10. Bhat, Chandra R., 2001. "Quasi-random maximum simulated likelihood estimation of the mixed multinomial logit model," Transportation Research Part B: Methodological, Elsevier, vol. 35(7), pages 677-693, August.
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    Citations

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    Cited by:
    1. Fosgerau, Mogens & Hess, Stephane, 2008. "Competing methods for representing random taste heterogeneity in discrete choice models," MPRA Paper 10038, University Library of Munich, Germany.
    2. Ozbay, Kaan & Yanmaz-Tuzel, Ozlem, 2008. "Valuation of travel time and departure time choice in the presence of time-of-day pricing," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(4), pages 577-590, May.
    3. Börjesson, Maria & Eliasson, Jonas, 2014. "Experiences from the Swedish Value of Time study," Transportation Research Part A: Policy and Practice, Elsevier, vol. 59(C), pages 144-158.
    4. Vij, Akshay & Carrel, André & Walker, Joan L., 2013. "Incorporating the influence of latent modal preferences on travel mode choice behavior," Transportation Research Part A: Policy and Practice, Elsevier, vol. 54(C), pages 164-178.
    5. Börjesson, Maria & Fosgerau, Mogens & Algers, Staffan, 2012. "Catching the tail: Empirical identification of the distribution of the value of travel time," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(2), pages 378-391.
    6. repec:ise:isegwp:wp82008 is not listed on IDEAS
    7. Gulsah Akar & Kelly Clifton & Sean Doherty, 2011. "Discretionary activity location choice: in-home or out-of-home?," Transportation, Springer, vol. 38(1), pages 101-122, January.
    8. K. W. Axhausen & M. Löchl & R. Schlich & T. Buhl & P. Widmer, 2007. "Fatigue in long-duration travel diaries," Transportation, Springer, vol. 34(2), pages 143-160, March.
    9. Holz-Rau, Christian & Scheiner, Joachim, 2011. "Safety and travel time in cost-benefit analysis: A sensitivity analysis for North Rhine-Westphalia," Transport Policy, Elsevier, vol. 18(2), pages 336-346, March.
    10. Hess, Stephane & Rose, John M., 2009. "Allowing for intra-respondent variations in coefficients estimated on repeated choice data," Transportation Research Part B: Methodological, Elsevier, vol. 43(6), pages 708-719, July.
    11. Saleh, Wafaa & Farrell, Séona, 2007. "Investigation and analysis of evidence of asymmetric churn in travel demand models," Transportation Research Part A: Policy and Practice, Elsevier, vol. 41(7), pages 691-702, August.
    12. De Witte, Astrid & Hollevoet, Joachim & Dobruszkes, Frédéric & Hubert, Michel & Macharis, Cathy, 2013. "Linking modal choice to motility: A comprehensive review," Transportation Research Part A: Policy and Practice, Elsevier, vol. 49(C), pages 329-341.
    13. Daziano, Ricardo A. & Achtnicht, Martin, 2013. "Accounting for uncertainty in willingness to pay for environmental benefits," ZEW Discussion Papers 13-059, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    14. Munger, D. & L’Ecuyer, P. & Bastin, F. & Cirillo, C. & Tuffin, B., 2012. "Estimation of the mixed logit likelihood function by randomized quasi-Monte Carlo," Transportation Research Part B: Methodological, Elsevier, vol. 46(2), pages 305-320.
    15. Collins, Andrew T. & Rose, John M. & Hensher, David A., 2013. "Specification issues in a generalised random parameters attribute nonattendance model," Transportation Research Part B: Methodological, Elsevier, vol. 56(C), pages 234-253.

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