The value of travel time (VOT) is defined as the marginal rate of substitution between travel
time and travel cost, and it is typically calculated using standard econometric techniques …

In this paper we investigate the value of travel time savings. Estimation of this is in most
cases based on samples using a specific mode. We use a mixed logit model to estimate the …

The Value of Travel Time Savings (VTTS) is the monetary value attached to reductions in
travel time. VTTS is an important willingness to pay (WTP) estimator which plays a crucial …

This paper identifies and illustrates the theoretical connection between the Random
Valuation (RV) and Random Utility (RU) methods for Value of Travel Time Changes (VTTC) …

There is a considerable gap between the existing knowledge used to estimate the value of
time in passenger transport when compared with the framework of analysis developed for …

Without a doubt, the Value-of-time (VoT) is one of the most important and most researched
notions in transport economics (Abrantes and Wardman 2011; Kouwenhoven et al. 2014; …

This paper suggests an alternative approach to estimate the value of travel time (VTT)
savings, using a case study with exogenous variation in travel costs and data from automatic …

Abstract Value-of-time (VOT) measures are valuable in a wide range of public transport
policy and planning applications. However, VOT is a latent variable that cannot be …

The official appraisal values of travel time savings (VTTS) for non-work trips in UK were
estimated by basic discrete choice model on stated choice data collected over 20 years ago …

This paper presents the findings of a study looking into the valuation of travel time savings
(VTTS) in Switzerland, across modes as well as across purpose groups. The study makes …