Value of time;
Commuting;
WTA;
WTP;
Short and long-term choices;
Framing effects;
WILLINGNESS-TO-PAY;
COMMUTING TIME;
PREFERENCE;
RELIABILITY;
VALUATION;
VALUES;
ACCEPT;
INCOME;
WTP;
D O I:
10.1016/j.tre.2017.02.001
中图分类号:
F [经济];
学科分类号:
02 ;
摘要:
The valuation of travel time is of crucial importance in many transport decisions. Most studies make use of data framed around short-terin decisions such as route choice. However, people may have a greater ability to trade time and money in a longer term setting, such as when considering changes in residential or employment locations. We study the value of travel time in both the short and long-term, finding differences in the valuations. Given the importance of these valuations for policy making, our results call for more research into how time-cost trade-offs should be represented with stated preference. (C) 2017 Elsevier Ltd. All rights reserved.