Common economics of travel time value.

Author(s)
Lisce, T.E.
Year
Abstract

Standard concepts and procedures of economic analysis are examined to see whether they can offer directions for consistent and appropriate handling of the time value question in transportation. A simple neoclassical economic analysis of transportation demand is presented in which time is considered as a cost of travel. This is followed by an examination of contemporary issues of time value concept and measurement in light of standard economic analysis procedures and the travel demand-time cost relations.

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Publication

Library number
B 11024 (In: B 8552 S) /71/ IRRD 218439
Source

In: Behavioral demand modeling and valuation of travel time : proceedings of conference in South Berwick, Maine, July 8-13, 1973, TRB Special Report No. 149, 1974, p. 103-115, 2 graph., 27 ref.

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