publication . Doctoral thesis . 2013

The Value of Time in Intercity Transportation - A Study of Thresholds and Discontinuities

Wang, Rui;
Open Access English
  • Published: 01 Jan 2013
  • Publisher: eScholarship, University of California
  • Country: United States
Abstract
Previous research studies have provided evidence of the non-uniformity of the value of time, which usually shows a decreasing trend as travel time increases. This work takes an in-depth look at thresholds and discontinuities in the value of time function. A theoretical framework is provided based on microeconomic theory. It is postulated that because of the multiple activities involved in an individual's activity pattern, and the minimum time requirements associated with these activities, there exist discontinuities in the travel cost function as the travel time encroaches upon the time originally assigned to other activities. The derivation of the indirect util...
Subjects
free text keywords: Civil engineering, Transportation planning, Discontinuity, Threshold, Time allocation theory, Transportation economics, Value of time
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