Börjesson, Maria; Fosgerau, Mogens; Algers, Staffan - In: Transportation Research Part A: Policy and Practice 46 (2012) 2, pp. 368-377
Transport infrastructure is long-term and in appraisal it is necessary to value travel time savings for future years. This requires knowing how the value of time (VTT) will develop over time as incomes grow. This paper investigates if the cross-sectional income elasticity of the VTT is equal to...