Hess, S orcid.org/0000-0002-3650-2518, Daly, A orcid.org/0000-0001-5319-2745, Dekker, T orcid.org/0000-0003-2313-8419 et al. (2 more authors) (2017) A framework for capturing heterogeneity, heteroskedasticity, non-linearity, reference dependence and design artefacts in value of time research. Transportation Research Part B: Methodological, 96. pp. 126-149. ISSN 0191-2615
Abstract
In early 2014, the UK Department for Transport (DfT) commissioned the first national value of travel time (VTT) study since the mid-1990s. This paper presents the methodological work undertaken for this study, with important innovations along a number of dimensions, both in terms of survey design and modelling methodology. Our findings show a rich pattern of heterogeneity across the travelling public, in terms of an impact on the VTT by both person and trip characteristics, as well as a major role for a number of characteristics that relate to the specific choices faced in a hypothetical stated choice setting, including reference dependence and non-linearities in sensitivities. We also discuss how these behavioural values were translated into values for use in appraisal, and the challenges faced when doing this on the basis of results obtained with advanced models.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2016 Elsevier Ltd. This is an author produced version of a paper published in Transportation Research Part B: Methodological. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | value of time; national studies; discrete choice; random heterogeneity |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Environment (Leeds) > Institute for Transport Studies (Leeds) > ITS: Choice Modelling The University of Leeds > Faculty of Environment (Leeds) > Institute for Transport Studies (Leeds) > ITS: Economics and Discrete Choice (Leeds) |
Funding Information: | Funder Grant number Department of Transport No External Ref EU - European Union 615596 |
Depositing User: | Symplectic Publications |
Date Deposited: | 08 Nov 2016 15:28 |
Last Modified: | 11 Jan 2023 12:53 |
Published Version: | https://doi.org/10.1016/j.trb.2016.11.002 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.trb.2016.11.002 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:107141 |
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