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Public transport values of time

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  • Wardman, Mark

Abstract

This paper reports research on the valuations of public transport time relative to car travel time and on the valuations of the walk time, wait time and service headway associated with public transport use. The results are derived from a meta-analysis of a very large data set of British empirical evidence and are set against a review of previous research. A large number of methodological and policy relevant results emerge, some of which challenge established conventions, and the implications for value of time recommendations, policy and further research are spelt out.

Suggested Citation

  • Wardman, Mark, 2004. "Public transport values of time," Transport Policy, Elsevier, vol. 11(4), pages 363-377, October.
    • Handle: RePEc:eee:trapol:v:11:y:2004:i:4:p:363-377
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    References listed on IDEAS

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    1. David A. Hensher, 2001. "Measurement of the Valuation of Travel Time Savings," Journal of Transport Economics and Policy, University of Bath, vol. 35(1), pages 71-98, January.
    2. Baaijens, Sef & Nijkamp, Peter, 2000. "Meta-Analytic Methods for Comparative and Exploratory Policy Research: An Application to the Assessment of Regional Tourist Multipliers," Journal of Policy Modeling, Elsevier, vol. 22(7), pages 821-858, December.
    3. Gunn, Hugh, 0. "Spatial and temporal transferability of relationships between travel demand, trip cost and travel time," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 37(2-3), pages 163-189, April.
    4. Wardman, Mark, 0. "A review of British evidence on time and service quality valuations," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 37(2-3), pages 107-128, April.
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