The value of travel time plays an important role in cost benefit analysis of infrastructureprojects. However, the issue … of uncertainty on travel times and the implications this has forestimations of travel time values has received much less … thatignoring uncertainty issues may easily lead to distorted estimates of values of travel time. Thisis of special relevance in …

commuting costs, which encompass bothmonetary and time costs. At faster speed levels, the monetary costs increase, but the … of variabIe monetary costs to travel time costs is0.14. …

passengers exhibit a higher time valuation, and a less price-elastic demand, than leisure passengers. Our main result is the … identification of the time-valuation effect of price discrimination, which can work in the opposite direction as the well …-known output effect on welfare. This time-valuation effect clearly explains why discriminating prices can improve welfare even when …

This paper positions time in the centre of spatial economic analysis, with a particular view on transport behaviour …. The conventional assumption is that there is for most people in our society a constant travel time budget, so that higher … would require lower levels of mobility. Recently, the scientific construct of a so-called "time pioneer" has been introduced …

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 …

the presidential cycle election (PCE) theory as an alternative explanation. The PCE theory states that incumbent parties … formulate seven different propositions relating to fiscal, monetary, tax, and political implications of PCE theory. We find no … statistically significant evidence confirming the PCE theory as a plausible explanation for the presidential cycle effect. The …