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...

This study proposes a consistent definition of natural disaster damage costs, i.e., equivalently, of natural disaster prevention benefits in accordance with general definition of benefits, Willingness to Pay, more concretely, Equivalent Variation, of any policy such as tax reforms,...

It is common practice in Benefit - Cost analysis to consider freight transport time savings (FTTS) as a benefit for both transport producing and consuming companies. While transportation projects and policies resulting in FTTS are expected to have a positive effect on carriers' performance...