IDEAS home Printed from https://ideas.repec.org/a/pal/easeco/v36y2010i3p391-397.html
   My bibliography  Save this article

The Pecuniary Value of Commuting Time

Author

Listed:
  • Edward Foster

    (Department of Economics, University of Minnesota, Minneapolis, MN 55455, USA.)

Abstract

If commuting time is changed significantly by injury or wrongful termination, the change in the cost of commuting might be an element of damages, and the forensic economist might be called on to evaluate the change. Transportation economists have studied commuting behavior for more than half a century. They have developed models of utility maximization in choosing among modes of travel and concluded that, roughly, commuters are willing to trade time for money as though their time were worth half their wage; but there are variations. This paper summarizes findings from transportation economics for possible application in forensic economics.

Suggested Citation

  • Edward Foster, 2010. "The Pecuniary Value of Commuting Time," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 36(3), pages 391-397.
    • Handle: RePEc:pal:easeco:v:36:y:2010:i:3:p:391-397
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/eej/journal/v36/n3/pdf/eej201024a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/eej/journal/v36/n3/full/eej201024a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

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

    Citations

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


    Cited by:

    1. Kristin Mammen & Hyoung Suk Shim & Bryan S. Weber, 2020. "Vision Zero: Speed Limit Reduction and Traffic Injury Prevention in New York City," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 46(2), pages 282-300, April.

    More about this item

    Statistics

    Access and download statistics

    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:pal:easeco:v:36:y:2010:i:3:p:391-397. 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.

    We have no bibliographic references for this item. You can help adding them by using 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.palgrave-journals.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.