In this paper we formulate and investigate experimentally a model of how individuals choose between time sequences of … association between 'irrational' choices. -- time preference ; time sequences ; negative discounting …

This paper proposes an alternative, dynamic framework for estimatingtime-varying values of travel time savings and … values of schedule delay, in whichtime-preferences are represented as the time-varying excess willingness to pay(EWPT) to … being in the one location, over being elsewhere. It is shown how theconventional linear model, with time-independent values …

Most evidence of hyperbolic discounting is based on violations of either stationarity or time consistency as observed … in choice experiments. These choice reversals may however also result from time-varying discount rates. Hyperbolic … discounting is a plausible explanation for choice reversals only if violations of stationarity and time consistency overlap. Our …

We extend the well-known spatial competition model (d'Aspremont et al., 1979) to a continuous time model in which two …

The subjective value of time is the marginal rate of substitution between travel time and travel cost under constant … utility or profit level. It is commonly referred to as the monetary appraisal of value of time or the willingness to pay for … savings in travel time. This study proposes methods to measure the true value of time from observable demand functions …

theory. This paper develops a theory of optimal pay timing when workers make time-inconsistent savings and borrowing …