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 …

hypothesize that technological innovations, which improved information transmission and shortened the response time between an …

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 measure the true value of time from observable demand functions …