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Free Content The Value of Small Time Savings for Non-business Travel

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The paper addresses the issue of how small time savings are handled in the appraisal of transport proposals. A review is made of the policy of eleven governments and this is followed by a critical discussion of the treatment of small time changes that have been estimated in Stated Choice (SC) studies, from the 1960s until the present day. By examining the reasons for the use of SC experiments in the past and the method's shortcomings in understanding the values of small time savings, this paper concludes there is a strong case for reconsidering the use of Revealed Preference (RP) data.

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Document Type: Research Article

Publication date: 01 May 2014

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  • JTEP is international both in terms of authors and readership. Since it first appeared, more than 650 papers have been published from Europe, North America, the Pacific Rim/Australasia, Africa, Asia, and South America. This international variety is also reflected in the readership.

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