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1998•Journal of Transport Economics and PolicyRequires access

THE VALUE OF TRAVEL TIME. A REVIEW OF BRITISH EVIDENCE

Mark R. Wardman

Open publisher page 231 citations

Abstract

This paper reviews British evidence regarding the value of travel time available from models developed since 1980. There are two main aspects to the review. First, a regression model has been developed to explain variations in the value of time across studies. Second, the author reports on a review of variations in the value of time within specific studies. The review also places the research in historical perspective, with reference to work conducted elsewhere. (A)

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What this paper is about

This paper reviews British evidence regarding the value of travel time available from models developed since 1980. There are two main aspects to the review. First, a regression model has been developed to explain variations in the value of time across studies. Second, the author reports on a review of variations in the value of time within specific studies. The review also places the research in historical perspective, with reference to work conducted elsewhere. (A)

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OpenAlex reports 231 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

This paper reviews British evidence regarding the value of travel time available from models developed since 1980. There are two main aspects to the review. First, a regression model has been developed to explain variations in the value of time across studies. Second, the author reports on a review of variations in the value of time within specific studies. The review also places the research in historical perspective, with reference to work conducted elsewhere. (A)

Key concepts: Value (mathematics), Value of time, Travel time, Perspective (graphical), Time travel, Econometrics, Journey to work, Work (physics)

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