Publications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
On the income elasticity of the value of travel time
KTH.
KTH.
2012 (English)In: Transportation Research Part A: Policy and Practice, ISSN 0965-8564, E-ISSN 1879-2375, Vol. 46, no 2, p. 368-377Article in journal (Refereed) Published
Abstract [en]

Transport infrastructure is long-term and in appraisal it is necessary to value travel time savings for future years. This requires knowing how the value of time (VTT) will develop over time as incomes grow. This paper investigates if the cross-sectional income elasticity of the VTT is equal to inter-temporal income elasticity. The study is based on two identical stated choice experiments conducted with a 13. year interval. Results indicate that the relationship between income and the VTT in the cross-section has remained unchanged over time. As a consequence, the inter-temporal income elasticity of the VTT can be predicted based on cross-sectional income elasticity. However, the income elasticity of the VTT is not a constant but increases with income. For this reason, the average income elasticity of the VTT in the cross-sections has increased between the two survey years and can be expected to increase further over time. 

Place, publisher, year, edition, pages
Pergamon Press , 2012. Vol. 46, no 2, p. 368-377
Keywords [en]
Journey time, Cost, Income, Growth rate, Estimation, Change, Time
National Category
Transport Systems and Logistics
Research subject
00 Road: General works, surveys, comprehensive works, 02 Road: Economics; 10 Road: Transport, society, policy and planning, 11 Road: Personal transport
Identifiers
URN: urn:nbn:se:vti:diva-12360DOI: 10.1016/j.tra.2011.10.007ISI: 000300137400009Scopus ID: 2-s2.0-81155138363OAI: oai:DiVA.org:vti-12360DiVA, id: diva2:1139073
Available from: 2017-09-06 Created: 2017-09-06 Last updated: 2017-09-29Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full textScopus

Authority records BETA

Börjesson, Maria

Search in DiVA

By author/editor
Börjesson, Maria
In the same journal
Transportation Research Part A: Policy and Practice
Transport Systems and Logistics

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 3 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf