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The Demand for Taxis in Leeds and the Value of Time.

Toner, J.P. (1991) The Demand for Taxis in Leeds and the Value of Time. Working Paper. Institute of Transport Studies, University of Leeds , Leeds, UK.

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Abstract

This paper presents the detailed results of stated preference experiments undertaken to estimate the value of time and various demand parameters. It continues a series of reports in this series (Pells [1990], Toner [1991]). Full details of the experimental design are contained in Toner [1990].

It is found that taxi passengers have a value of waiting time of about 7.4 p/min when a trip is made from a rank, and 9.7 p/min if the trip is booked by telephone. Existing users are relatively insensitive to price, but this depends greatly on the existence of an alternative mode of travel. Waiting time effects are minimal. Large reductions in price would cause significant numbers of bus users to switch to taxi.

Item Type: Monograph (Working Paper)
Copyright, Publisher and Additional Information: Copyright of the Institute of Transport Studies, University Of Leeds
Institution: The University of Leeds
Academic Units: The University of Leeds > Faculty of Environment (Leeds) > Institute for Transport Studies (Leeds)
Depositing User: Adrian May
Date Deposited: 11 May 2007
Last Modified: 05 Jun 2014 12:04
Published Version: http://www.its.leeds.ac.uk/
Status: Published
Publisher: Institute of Transport Studies, University of Leeds
Identification Number: Working Paper 334
URI: http://eprints.whiterose.ac.uk/id/eprint/2229

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