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Variations in value of travel time savings on express lanes: Evidence from passively collected data

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  • Lin, Shihan
  • Spissu, Erika
  • Cirillo, Cinzia

Abstract

This paper investigates preference heterogeneity in the Value of Travel Time Savings (VTTS) among Express Lane (EL) users, highlighting how VTTS varies across individuals. The study contributes to the literature by demonstrating how travel demand modeling can be effectively conducted using a large, high-resolution dataset that integrates transponder-based Express Lane usage with travel time savings derived from probe vehicle data. VTTS is estimated through a trip generation model, where the dependent variable is trip frequency.

Suggested Citation

  • Lin, Shihan & Spissu, Erika & Cirillo, Cinzia, 2025. "Variations in value of travel time savings on express lanes: Evidence from passively collected data," Research in Transportation Economics, Elsevier, vol. 114(C).
    • Handle: RePEc:eee:retrec:v:114:y:2025:i:c:s0739885925001544
    DOI: 10.1016/j.retrec.2025.101671
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    Keywords

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    JEL classification:

    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy

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