TY - JOUR
T1 - Between-mode-differences in the value of travel time
T2 - Self-selection or strategic behaviour?
AU - Fosgerau, Mogens
AU - Hjorth, Katrine
AU - Lyk-Jensen, Stéphanie Vincent
PY - 2010/10
Y1 - 2010/10
N2 - Using stated preference survey data, we measure the value of travel time for several transport modes. We find, like many before us, that the value of travel time varies across modes in the opposite direction of what would be the consequence of differences in comfort. We examine three candidate causes for the observed differences: Comfort effects, self-selection and strategic behaviour of respondents. Using experiments with both the current and an alternative mode we find that the differences in the value of travel time are consistent with self-selection and comfort effects. Moreover, respondents having bus as the current or the alternative mode seem not to value comfort differently across modes. Strategic behaviour seems to play no role.
AB - Using stated preference survey data, we measure the value of travel time for several transport modes. We find, like many before us, that the value of travel time varies across modes in the opposite direction of what would be the consequence of differences in comfort. We examine three candidate causes for the observed differences: Comfort effects, self-selection and strategic behaviour of respondents. Using experiments with both the current and an alternative mode we find that the differences in the value of travel time are consistent with self-selection and comfort effects. Moreover, respondents having bus as the current or the alternative mode seem not to value comfort differently across modes. Strategic behaviour seems to play no role.
U2 - 10.1016/j.trd.2010.04.005
DO - 10.1016/j.trd.2010.04.005
M3 - Journal article
SN - 1361-9209
VL - 15
SP - 370
EP - 381
JO - Transportation Research, Part D: Transport and Environment
JF - Transportation Research, Part D: Transport and Environment
IS - 7
ER -