Tseng, Yin-yen; Verhoef, Erik - Tinbergen Institute - 2007
This paper proposes an alternative, dynamic framework for estimating time-varying values of travel time savings and … values of schedule delay, in which time-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 the conventional linear model, with time-independent values …