The Evaluation of Travelling Time

The social benefit of transport projects often consists largely of time savings. This article considers the value of time saved to the individual, first on the assumption that he can choose whether to use it for work or for leisure, and secondly on the assumption that the working week is fixed. More...

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Bibliographic Details
Published in:Journal of transport economics and policy 1969-09, Vol.3 (3), p.279-286
Main Author: Oort, C. J.
Format: Article
Language:English
Subjects:
Cost benefit analysis
Economic benefits
Highways
Leisure time
Marginal utility
Money
Time saving
Transportation economics
Travel
Utility functions
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Summary:The social benefit of transport projects often consists largely of time savings. This article considers the value of time saved to the individual, first on the assumption that he can choose whether to use it for work or for leisure, and secondly on the assumption that the working week is fixed. More empirical research is needed.
ISSN:0022-5258
1754-5951