IDEAS home Printed from https://ideas.repec.org/a/kap/transp/v47y2020i3d10.1007_s11116-019-10059-x.html
   My bibliography  Save this article

The valuation and demand impacts of the worthwhile use of travel time with specific reference to the digital revolution and endogeneity

Author

Listed:
  • Mark Wardman

    (University of Leeds)

  • Phani Chintakayala

    (University of Leeds)

  • Chris Heywood

    (Accent)

Abstract

The research reported here is concerned with how the worthwhile use of travel time might impact on the value of travel time savings (VTTS) and on demand set in the context of the rail travel market in Great Britain. It has long been recognised, in a variety of literature, that improvements in worthwhile activities which will have been delivered by the digital revolution will impact VTTS and demand yet there is surprisingly little reliable evidence and official appraisal practice does not accommodate any such effects. In a large survey of rail travellers, we have explored how activities while travelling impact on VTTS and demand. An important feature of the study was to account for endogeneity whereby variations in VTTS estimates according to the worthwhile use of time are biased if drawn from comparisons across individuals of what they do while travelling rather from comparing within individual variations in activities. Indeed, we clearly demonstrate the impact of not allowing for endogeneity and indicate its presence in other studies. We find that the VTTS does vary according to activities undertaken while travelling in a largely credible manner and is broadly consistent with behavioural responses to different available activities. The evidence supports the VTTS falling over time due to the digital revolution and rail demand increasing. These are modest rather than considerable changes but nonetheless contribute a better understanding of evidence relating to VTTS and rail demand variations over time.

Suggested Citation

  • Mark Wardman & Phani Chintakayala & Chris Heywood, 2020. "The valuation and demand impacts of the worthwhile use of travel time with specific reference to the digital revolution and endogeneity," Transportation, Springer, vol. 47(3), pages 1515-1540, June.
    • Handle: RePEc:kap:transp:v:47:y:2020:i:3:d:10.1007_s11116-019-10059-x
    DOI: 10.1007/s11116-019-10059-x
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11116-019-10059-x
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11116-019-10059-x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Lyons, Glenn & Jain, Juliet & Holley, David, 2007. "The use of travel time by rail passengers in Great Britain," Transportation Research Part A: Policy and Practice, Elsevier, vol. 41(1), pages 107-120, January.
    2. Mackie, Peter & Worsley, Tom & Eliasson, Jonas, 2014. "Transport appraisal revisited," Research in Transportation Economics, Elsevier, vol. 47(C), pages 3-18.
    3. Börjesson, Maria & Fosgerau, Mogens & Algers, Staffan, 2012. "On the income elasticity of the value of travel time," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(2), pages 368-377.
    4. Mattias Gripsrud & Randi Hjorthol, 2012. "Working on the train: from ‘dead time’ to productive and vital time," Transportation, Springer, vol. 39(5), pages 941-956, September.
    5. Mokhtarian, Patricia L. & Salomon, Ilan, 2001. "How derived is the demand for travel? Some conceptual and measurement considerations," Transportation Research Part A: Policy and Practice, Elsevier, vol. 35(8), pages 695-719, September.
    6. Gunn, Hugh, 0. "Spatial and temporal transferability of relationships between travel demand, trip cost and travel time," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 37(2-3), pages 163-189, April.
    7. Ettema, Dick & Friman, Margareta & Gärling, Tommy & Olsson, Lars E. & Fujii, Satoshi, 2012. "How in-vehicle activities affect work commuters’ satisfaction with public transport," Journal of Transport Geography, Elsevier, vol. 24(C), pages 215-222.
    8. Lyons, Glenn & Urry, John, 2005. "Travel time use in the information age," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(2-3), pages 257-276.
    9. Frei, Charlotte & Mahmassani, Hani S. & Frei, Andreas, 2015. "Making time count: Traveler activity engagement on urban transit," Transportation Research Part A: Policy and Practice, Elsevier, vol. 76(C), pages 58-70.
    10. Malokin, Aliaksandr & Circella, Giovanni & Mokhtarian, Patricia L., 2019. "How do activities conducted while commuting influence mode choice? Using revealed preference models to inform public transportation advantage and autonomous vehicle scenarios," Transportation Research Part A: Policy and Practice, Elsevier, vol. 124(C), pages 82-114.
    11. Imre Keseru & Cathy Macharis, 2018. "Travel-based multitasking: review of the empirical evidence," Transport Reviews, Taylor & Francis Journals, vol. 38(2), pages 162-183, March.
    12. DeSerpa, A C, 1971. "A Theory of the Economics of Time," Economic Journal, Royal Economic Society, vol. 81(324), pages 828-846, December.
    13. Mark Wardman & Glenn Lyons, 2016. "The digital revolution and worthwhile use of travel time: implications for appraisal and forecasting," Transportation, Springer, vol. 43(3), pages 507-530, May.
    14. Mark Wardman, 2012. "Review and meta-analysis of U.K. time elasticities of travel demand," Transportation, Springer, vol. 39(3), pages 465-490, May.
    15. Kouwenhoven, Marco & de Jong, Gerard, 2018. "Value of travel time as a function of comfort," Journal of choice modelling, Elsevier, vol. 28(C), pages 97-107.
    16. Wardman, Mark & Batley, Richard & Laird, James & Mackie, Peter & Bates, John, 2015. "How should business travel time savings be valued?," Economics of Transportation, Elsevier, vol. 4(4), pages 200-214.
    17. Glenn Lyons & Juliet Jain & Yusak Susilo & Stephen Atkins, 2013. "Comparing Rail Passengers' Travel Time Use in Great Britain Between 2004 and 2010," Mobilities, Taylor & Francis Journals, vol. 8(4), pages 560-579, November.
    18. Patricia Mokhtarian & Francis Papon & Matthieu Goulard & Marco Diana, 2015. "What makes travel pleasant and/or tiring? An investigation based on the French National Travel Survey," Transportation, Springer, vol. 42(6), pages 1103-1128, November.
    19. Jia Tang & Feng Zhen & Jason Cao & Patricia L. Mokhtarian, 2018. "How do passengers use travel time? A case study of Shanghai–Nanjing high speed rail," Transportation, Springer, vol. 45(2), pages 451-477, March.
    20. Kenyon, Susan & Lyons, Glenn, 2007. "Introducing multitasking to the study of travel and ICT: Examining its extent and assessing its potential importance," Transportation Research Part A: Policy and Practice, Elsevier, vol. 41(2), pages 161-175, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Wardman, Mark, 2022. "Meta-analysis of British time-related demand elasticity evidence: An update," Transportation Research Part A: Policy and Practice, Elsevier, vol. 157(C), pages 198-214.
    2. Choi, Sungtaek & Mokhtarian, Patricia L., 2020. "How attractive is it to use the internet while commuting? A work-attitude-based segmentation of Northern California commuters," Transportation Research Part A: Policy and Practice, Elsevier, vol. 138(C), pages 37-50.
    3. Esko Lehtonen & Johanna Wörle & Fanny Malin & Barbara Metz & Satu Innamaa, 2022. "Travel experience matters: Expected personal mobility impacts after simulated L3/L4 automated driving," Transportation, Springer, vol. 49(5), pages 1295-1314, October.
    4. Vickerman, Roger, 2024. "The transport problem: The need for consistent policies on pricing and investment," Transport Policy, Elsevier, vol. 149(C), pages 49-58.
    5. Shamshiripour, Ali & Rahimi, Ehsan & (Kouros) Mohammadian, Abolfazl & Auld, Joshua, 2020. "Investigating the influence of latent lifestyles on productive travels: Insights into designing autonomous transit system," Transportation Research Part A: Policy and Practice, Elsevier, vol. 141(C), pages 469-484.
    6. Sun, Shanshan & Wong, Yiik Diew, 2023. "Drivers’ attention economy and adoption to autonomous vehicle," Transport Policy, Elsevier, vol. 138(C), pages 108-118.
    7. Hensher, David A. & Beck, Matthew J. & Balbontin, Camila, 2021. "What does the quantum of working from home do to the value of commuting time used in transport appraisal?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 153(C), pages 35-51.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Molin, Eric & Adjenughwure, Kingsley & de Bruyn, Menno & Cats, Oded & Warffemius, Pim, 2020. "Does conducting activities while traveling reduce the value of time? Evidence from a within-subjects choice experiment," Transportation Research Part A: Policy and Practice, Elsevier, vol. 132(C), pages 18-29.
    2. Shamshiripour, Ali & Rahimi, Ehsan & (Kouros) Mohammadian, Abolfazl & Auld, Joshua, 2020. "Investigating the influence of latent lifestyles on productive travels: Insights into designing autonomous transit system," Transportation Research Part A: Policy and Practice, Elsevier, vol. 141(C), pages 469-484.
    3. Tang, Jia & Mokhtarian, Patricia L. & Zhen, Feng, 2020. "How do passengers allocate and evaluate their travel time? Evidence from a survey on the Shanghai–Nanjing high speed rail corridor, China," Journal of Transport Geography, Elsevier, vol. 85(C).
    4. Muhamad Rizki & Tri Basuki Joewono & Dimas B. E. Dharmowijoyo & Prawira Fajarindra Belgiawan, 2021. "Does multitasking improve the travel experience of public transport users? Investigating the activities during commuter travels in the Bandung Metropolitan Area, Indonesia," Public Transport, Springer, vol. 13(2), pages 429-454, June.
    5. Bounie, Nathan & Adoue, François & Koning, Martin & L'Hostis, Alain, 2019. "What value do travelers put on connectivity to mobile phone and Internet networks in public transport? Empirical evidence from the Paris region," Transportation Research Part A: Policy and Practice, Elsevier, vol. 130(C), pages 158-177.
    6. Aliaksandr Malokin & Giovanni Circella & Patricia L. Mokhtarian, 2021. "Do millennials value travel time differently because of productive multitasking? A revealed-preference study of Northern California commuters," Transportation, Springer, vol. 48(5), pages 2787-2823, October.
    7. Malokin, Aliaksandr & Circella, Giovanni & Mokhtarian, Patricia L., 2019. "How do activities conducted while commuting influence mode choice? Using revealed preference models to inform public transportation advantage and autonomous vehicle scenarios," Transportation Research Part A: Policy and Practice, Elsevier, vol. 124(C), pages 82-114.
    8. Mark Wardman & Glenn Lyons, 2016. "The digital revolution and worthwhile use of travel time: implications for appraisal and forecasting," Transportation, Springer, vol. 43(3), pages 507-530, May.
    9. Lyons, Glenn & Jain, Juliet & Weir, Iain, 2016. "Changing times – A decade of empirical insight into the experience of rail passengers in Great Britain," Journal of Transport Geography, Elsevier, vol. 57(C), pages 94-104.
    10. Anciaes, Paulo & Jones, Peter, 2020. "Transport policy for liveability – Valuing the impacts on movement, place, and society," Transportation Research Part A: Policy and Practice, Elsevier, vol. 132(C), pages 157-173.
    11. Chiara Calastri & Jacek Pawlak & Richard Batley, 2022. "Participation in online activities while travelling: an application of the MDCEV model in the context of rail travel," Transportation, Springer, vol. 49(1), pages 61-87, February.
    12. Choi, Sungtaek & Mokhtarian, Patricia L., 2020. "How attractive is it to use the internet while commuting? A work-attitude-based segmentation of Northern California commuters," Transportation Research Part A: Policy and Practice, Elsevier, vol. 138(C), pages 37-50.
    13. Jia Tang & Feng Zhen & Jason Cao & Patricia L. Mokhtarian, 2018. "How do passengers use travel time? A case study of Shanghai–Nanjing high speed rail," Transportation, Springer, vol. 45(2), pages 451-477, March.
    14. Bouscasse, Hélène & de Lapparent, Matthieu, 2019. "Perceived comfort and values of travel time savings in the Rhône-Alpes Region," Transportation Research Part A: Policy and Practice, Elsevier, vol. 124(C), pages 370-387.
    15. Imre Keseru & Cathy Macharis, 2018. "Travel-based multitasking: review of the empirical evidence," Transport Reviews, Taylor & Francis Journals, vol. 38(2), pages 162-183, March.
    16. Debbaghi, Fatima-Zahra & Kroesen, Maarten & de Vries, Gerdien & Pudāne, Baiba, 2024. "Daily schedule changes in the automated vehicle era: Uncovering the heterogeneity behind the veil of low survey commitment," Transportation Research Part A: Policy and Practice, Elsevier, vol. 182(C).
    17. Patricia L. Mokhtarian, 2019. "Subjective well-being and travel: retrospect and prospect," Transportation, Springer, vol. 46(2), pages 493-513, April.
    18. Randriamaro, Mary Tiana & Cook, Joseph, 2022. "The value of time, with and without a smartphone," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 138-146.
    19. Kouwenhoven, Marco & de Jong, Gerard, 2018. "Value of travel time as a function of comfort," Journal of choice modelling, Elsevier, vol. 28(C), pages 97-107.
    20. Sun, Shanshan & Wong, Yiik Diew, 2023. "Drivers’ attention economy and adoption to autonomous vehicle," Transport Policy, Elsevier, vol. 138(C), pages 108-118.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:transp:v:47:y:2020:i:3:d:10.1007_s11116-019-10059-x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.