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Consumer's surplus and the value of travel time savings

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  • Jara-Diaz, Sergio R.

Abstract

The implications of evaluating travel time savings from changes in consumer's surplus derived from discrete choice models are examined, and this approach is related to and compared with the standard procedure based on time pricing.

Suggested Citation

  • Jara-Diaz, Sergio R., 1990. "Consumer's surplus and the value of travel time savings," Transportation Research Part B: Methodological, Elsevier, vol. 24(1), pages 73-77, February.
    • Handle: RePEc:eee:transb:v:24:y:1990:i:1:p:73-77
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    Citations

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    Cited by:

    1. Francisco Javier Amador & Rosa Marina González & Juan de Dios Ortúzar, 2004. "Preference heterogeneity and willingness to pay for travel time," Documentos de trabajo conjunto ULL-ULPGC 2004-12, Facultad de Ciencias Económicas de la ULPGC.
    2. Lei Zhang & David Levinson, 2006. "Determinants of Route Choice and the Value of Traveler Information," Working Papers 200808, University of Minnesota: Nexus Research Group.
    3. Tirachini, Alejandro, 2014. "The economics and engineering of bus stops: Spacing, design and congestion," Transportation Research Part A: Policy and Practice, Elsevier, vol. 59(C), pages 37-57.
    4. Delle Site, Paolo & Salucci, Marco Valerio, 2013. "Transition choice probabilities and welfare analysis in random utility models with imperfect before–after correlation," Transportation Research Part B: Methodological, Elsevier, vol. 58(C), pages 215-242.
    5. Ilka Dubernet & Kay W. Axhausen, 2020. "The German value of time and value of reliability study: the survey work," Transportation, Springer, vol. 47(3), pages 1477-1513, June.
    6. Schmid, Basil & Molloy, Joseph & Peer, Stefanie & Jokubauskaite, Simona & Aschauer, Florian & Hössinger, Reinhard & Gerike, Regine & Jara-Diaz, Sergio R. & Axhausen, Kay W., 2021. "The value of travel time savings and the value of leisure in Zurich: Estimation, decomposition and policy implications," Transportation Research Part A: Policy and Practice, Elsevier, vol. 150(C), pages 186-215.
    7. Sef Baaijens & Peter Nijkamp, 1997. "Time Pioneers and Travel Behaviour: An Investigation into the Viability of Slow Motion," Tinbergen Institute Discussion Papers 97-132/3, Tinbergen Institute.
    8. Schmid, Basil & Jokubauskaite, Simona & Aschauer, Florian & Peer, Stefanie & Hössinger, Reinhard & Gerike, Regine & Jara-Diaz, Sergio R. & Axhausen, Kay W., 2019. "A pooled RP/SP mode, route and destination choice model to investigate mode and user-type effects in the value of travel time savings," Transportation Research Part A: Policy and Practice, Elsevier, vol. 124(C), pages 262-294.
    9. Luh, Sandro & Kannan, Ramachandran & McKenna, Russell & Schmidt, Thomas J. & Kober, Tom, 2024. "Quantifying the impact of travel time duration and valuation on modal shift in Swiss passenger transportation," Applied Energy, Elsevier, vol. 356(C).
    10. Lei Zhang & Feng xie & David Levinson, 2007. "Illusion of Motion: Variation of Subjective Value of Travel Time on Freeways and Ramp Meters," Working Papers 200903, University of Minnesota: Nexus Research Group.

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