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Measurement of the Valuation of Travel Time Savings

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Author Info
David A. Hensher
Abstract

The value of travel time savings (VTTS) is a critical parameter in transport project appraisal and through its application produces the dominating user benefit, typically 60 per cent of traditionally quantified user benefits. Beesley's work in the 1960s laid the foundation for much of the subsequent applied research, especially in respect of measurement and interpretation. This paper revisits Beesley's contribution in the context of the 1960s and shows the subsequent development of his ideas. © The London School of Economics and the University of Bath 2001

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Article provided by London School of Economics and University of Bath in its journal Journal of Transport Economics and Policy.

Volume (Year): 35 (2001)
Issue (Month): 1 (January)
Pages: 71-98
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Handle: RePEc:tpe:jtecpo:v:35:y:2001:i:1:p:71-98

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  1. Fosgerau, Mogens, 2007. "Using nonparametrics to specify a model to measure the value of travel time," MPRA Paper 12009, University Library of Munich, Germany. [Downloadable!]
    Other versions:
  2. Mogens Fosgerau, 2005. "Specification Of A Model To Measure The Value Of Travel Time Savings From Binomial Data," Urban/Regional 0508008, EconWPA. [Downloadable!]
    Other versions:
  3. Lei Zhang & David Levinson, 2006. "Determinants of Route Choice and the Value of Traveler Information," Working Papers 200808, University of Minnesota: Nexus Research Group. [Downloadable!]
  4. Carlos Pestana Barros & Peter Dieke, 2008. "Choice Valuation of Traffic Restrictions: Perspectives on Noise, Pollution and Congestion Preferences," Working Papers 2008/08, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
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