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Meta-Analysis and the Value of Travel Time Savings: A Transatlantic Perspective in Passenger Transport

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  • Luca Zamparini
  • Aura Reggiani

Abstract

The value of travel time savings (VTTS) is the monetary value attached to the possibility to save a determined amount of travel time. VTTS is also the most important benefit category aimed at justifying investments in transport infrastructures by public administrations. Hence VTTS played a significant role in various economic studies, both analytical and empirical. The present paper introduces a brief history of meta-analysis and describes the microeconomic formula used in VTTS estimations. It also provides a meta-analytical estimation of a selection of empirical studies, emphasizing the similarities and the differences between European and North-American observations. Copyright Springer Science+Business Media, LLC 2007

Suggested Citation

  • Luca Zamparini & Aura Reggiani, 2007. "Meta-Analysis and the Value of Travel Time Savings: A Transatlantic Perspective in Passenger Transport," Networks and Spatial Economics, Springer, vol. 7(4), pages 377-396, December.
    • Handle: RePEc:kap:netspa:v:7:y:2007:i:4:p:377-396
    DOI: 10.1007/s11067-007-9028-5
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