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Value of travel time by road type

dc.contributor.authorFlugel, Stefan Markus
dc.contributor.authorHalse, Askill Harkjerr
dc.contributor.authorHartveit, Knut Johannes Liland
dc.contributor.authorUkkonen, Aino
dc.date.accessioned2022-09-20T13:28:50Z
dc.date.available2022-09-20T13:28:50Z
dc.date.created2022-08-10T13:28:07Z
dc.date.issued2022-08-03
dc.identifier.citationEuropean Transport Research Review. 2022, 35 (14), 1-13.en_US
dc.identifier.issn1867-0717
dc.identifier.issn1866-8887
dc.identifier.urihttps://hdl.handle.net/11250/3019230
dc.description.abstractTravel time is less costly if it is comfortable or can be used productively. One could hence argue that the value of travel time (VTT) of car travellers in economic appraisal should be differentiated by road type, reflecting differences in road quality. We explain the theoretical foundation for such a differentiation, review the relevant literature and show the results of an empirical case study based on actual route choice of highway drivers in Norway. We find little existing literature discussing the link between road type and VTT, but closely related findings suggest that that the impact on VTT could be substantial. Our empirical case study also suggests that the VTT is lower on higher quality road types. Applying this to economic appraisal would imply higher user benefits of road projects that improve road quality.en_US
dc.description.sponsorshipThe research documented in this paper is funded by the government enterprise Nye Veier AS and the Norwegian Public Roads Administration.en_US
dc.language.isoengen_US
dc.publisherSpringerOpenen_US
dc.relation.ispartofseriesEuropean Transport Research Review;14, Article number: 35 (2022)
dc.rightsNavngivelse 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/deed.no*
dc.subjectValue of travel timeen_US
dc.subjectCost–benefit analysesen_US
dc.subjectRoad typesen_US
dc.subjectRoad qualityen_US
dc.subjectDriving comforten_US
dc.subjectRevealed preferencesen_US
dc.subjectStated preferencesen_US
dc.titleValue of travel time by road typeen_US
dc.typePeer revieweden_US
dc.typeJournal articleen_US
dc.description.versionpublishedVersionen_US
dc.rights.holder© The Author(s) 2022en_US
dc.source.articlenumber35en_US
cristin.ispublishedtrue
cristin.fulltextoriginal
cristin.qualitycode1
dc.identifier.doihttps://doi.org/10.1186/s12544-022-00554-1
dc.identifier.cristin2042217
dc.source.journalEuropean Transport Research Reviewen_US
dc.source.volume14en_US
dc.source.issue14en_US
dc.source.pagenumber1-13en_US


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