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New values of time and reliability in passenger transport in The Netherlands

Author

Listed:
  • Kouwenhoven, Marco
  • de Jong, Gerard C.
  • Koster, Paul
  • van den Berg, Vincent A.C.
  • Verhoef, Erik T.
  • Bates, John
  • Warffemius, Pim M.J.

Abstract

We have established new values of time (VOTs) and values of travel time reliability (VORs) for use in cost-benefit analysis (CBA) of transport projects in The Netherlands. This was the first national study in The Netherlands (and one of the first world-wide) to investigate these topics empirically in a joint framework.

Suggested Citation

  • Kouwenhoven, Marco & de Jong, Gerard C. & Koster, Paul & van den Berg, Vincent A.C. & Verhoef, Erik T. & Bates, John & Warffemius, Pim M.J., 2014. "New values of time and reliability in passenger transport in The Netherlands," Research in Transportation Economics, Elsevier, vol. 47(C), pages 37-49.
    • Handle: RePEc:eee:retrec:v:47:y:2014:i:c:p:37-49
    DOI: 10.1016/j.retrec.2014.09.017
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    References listed on IDEAS

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    More about this item

    Keywords

    Value of time; Value of reliability; Stated preference; Latent class model;
    All these keywords.

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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