Following early economist Francis Y. Edgeworth's proposal to measure people's hedonic experiences as they go about their daily lives, we use a smartphone app that over eight years randomly asked a panel of 30, 936 UK residents (N = 2, 235, 733) about their momentary feelings and activities to...

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 paper discusses whether changes in mobility practices affect value of travel time savings. It considers the relationship between the theory of the value of time and its practical application in traffic models and cost-benefit analysis. The discussion covers the need to distinguish...

This paper discusses whether changes in mobility practices affect value of travel time savings. It considers the relationship between the theory of the value of time and its practical application in traffic models and cost-benefit analysis. The discussion covers the need to distinguish...