field experiment examines the extent to which this is the case. At different points in time, the same participants allocated … experiment on stationarity, time invariance and time consistency finds using a different design among a different type of …Most evidence of hyperbolic discounting is based on violations of either stationarity or time consistency as observed …

introducing communication into this setting reduces strategic delay. We implement our model in a laboratory experiment utilizing a … experiment, while coordination failures emerge in the following periods sweeping away the beneficial effect of communication at …

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 …

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 …

be predicted, based on travel time data from Dutch highways. The paper uses two different concepts of travel time … that, for a given road link and given time of the day, the expected travel time is constant across all working days (rough … or weekdays (fine information: FI). For both definitions of variability, we find that the mean travel time is a good …