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Consumer's surplus and the value of travel time savings

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  • Jara-Diaz, Sergio R.

Abstract

The implications of evaluating travel time savings from changes in consumer's surplus derived from discrete choice models are examined, and this approach is related to and compared with the standard procedure based on time pricing.

Suggested Citation

  • Jara-Diaz, Sergio R., 1990. "Consumer's surplus and the value of travel time savings," Transportation Research Part B: Methodological, Elsevier, vol. 24(1), pages 73-77, February.
  • Handle: RePEc:eee:transb:v:24:y:1990:i:1:p:73-77
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    References listed on IDEAS

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    1. S. Selvanathan, 1987. "Do OECD Consumers Obey Demand Theory?," Economics Discussion / Working Papers 87-04, The University of Western Australia, Department of Economics.
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    Cited by:

    1. Francisco Javier Amador & Rosa Marina González & Juan de Dios Ortúzar, 2004. "Preference heterogeneity and willingness to pay for travel time," Documentos de trabajo conjunto ULL-ULPGC 2004-12, Facultad de Ciencias Económicas de la ULPGC.
    2. Lei Zhang & David Levinson, 2006. "Determinants of Route Choice and the Value of Traveler Information," Working Papers 200808, University of Minnesota: Nexus Research Group.
    3. Tirachini, Alejandro, 2014. "The economics and engineering of bus stops: Spacing, design and congestion," Transportation Research Part A: Policy and Practice, Elsevier, vol. 59(C), pages 37-57.
    4. Lei Zhang & Feng xie & David Levinson, 2007. "Illusion of Motion: Variation of Subjective Value of Travel Time on Freeways and Ramp Meters," Working Papers 200903, University of Minnesota: Nexus Research Group.
    5. Delle Site, Paolo & Salucci, Marco Valerio, 2013. "Transition choice probabilities and welfare analysis in random utility models with imperfect before–after correlation," Transportation Research Part B: Methodological, Elsevier, vol. 58(C), pages 215-242.
    6. Sef Baaijens & Peter Nijkamp, 1997. "Time Pioneers and Travel Behaviour: An Investigation into the Viability of Slow Motion," Tinbergen Institute Discussion Papers 97-132/3, Tinbergen Institute.

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