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Commuters' valuation of travel time variability

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  • Asensio, Javier
  • Matas, Anna

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.

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Bibliographic Info

Article provided by Elsevier in its journal Transportation Research Part E: Logistics and Transportation Review.

Volume (Year): 44 (2008)
Issue (Month): 6 (November)
Pages: 1074-1085

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Handle: RePEc:eee:transe:v:44:y:2008:i:6:p:1074-1085

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Related research

Keywords: Travel time variability Value of time Commuting Stated preference;

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Cited by:
  1. Li, Zheng & Hensher, David A. & Rose, John M., 2013. "Accommodating perceptual conditioning in the valuation of expected travel time savings for cars and public transport," Research in Transportation Economics, Elsevier, vol. 39(1), pages 270-276.
  2. Carrion, Carlos & Levinson, David, 2012. "Value of travel time reliability: A review of current evidence," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(4), pages 720-741.
  3. Hensher, David A. & Greene, William H. & Li, Zheng, 2011. "Embedding risk attitude and decision weights in non-linear logit to accommodate time variability in the value of expected travel time savings," Transportation Research Part B: Methodological, Elsevier, vol. 45(7), pages 954-972, August.
  4. Jenelius, Erik, 2012. "The value of travel time variability with trip chains, flexible scheduling and correlated travel times," Transportation Research Part B: Methodological, Elsevier, vol. 46(6), pages 762-780.
  5. He, Sylvia Y., 2013. "Does flexitime affect choice of departure time for morning home-based commuting trips? Evidence from two regions in California," Transport Policy, Elsevier, vol. 25(C), pages 210-221.

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