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 …

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 …

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 …

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 …

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. …