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Value of Time for Commercial Vehicle Operators

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  • Smalkoski, Brian
  • Levinson, David

Abstract

Value of time was estimated for commercial vehicle operators in Minnesota to quantify the effects of spring load restrictions. A sample was constructed from several trucking industry sources to conduct a survey. Interviews were conducted using an adaptive stated preference (ASP) survey to derive an estimate to the nearest dollar. A tobit model was fi t to the data from the interviews to derive the estimate for value of time, $49.42 per hour. Variation in the distribution of values is explained in part by fleet operation: whether the firm operates as a for-hire carrier or a private carrier.

Suggested Citation

  • Smalkoski, Brian & Levinson, David, 2005. "Value of Time for Commercial Vehicle Operators," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 44(1).
    • Handle: RePEc:ags:ndjtrf:206748
    DOI: 10.22004/ag.econ.206748
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    References listed on IDEAS

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    Cited by:

    1. Smalkoski, Brian & Li, Ning & Levinson, David, 2006. "Economic Effects of Lifting the Spring Load Restriction Policy in Minnesota," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 45(2).
    2. Vivek Sujan & Perry T. Jones & Adam Siekmann, 2022. "Characterizing the Payback and Profitability for Automated Heavy Duty Vehicle Platooning," Sustainability, MDPI, vol. 14(4), pages 1-35, February.
    3. Chen, T. Donna & Kockelman, Kara M. & Zhao, Yong, 2015. "What Matters Most in Transportation Demand Model Specifications: A Comparison of Outputs in a Mid-size Network," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 54(2).
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    5. Tilahun, Nebiyou Y. & Levinson, David M. & Krizek, Kevin J., 2007. "Trails, lanes, or traffic: Valuing bicycle facilities with an adaptive stated preference survey," Transportation Research Part A: Policy and Practice, Elsevier, vol. 41(4), pages 287-301, May.

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    More about this item

    Keywords

    Institutional and Behavioral Economics;

    JEL classification:

    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
    • R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior

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