Abstract
THIS PAPER FURTHER CONTRIBUTES TO THE ISSUE OF THE VALIDITY OF USING STATED PREFERENCE EXPERIMENTS BY COMPARING THE VALUES OF TIME DERIVED FROM REVEALED PREFERENCE AND STATED PREFERENCE MODELS OF TRAVEL BEHAVIOUR. A PARTICULAR FEATURE OF THE ANALYSIS IS THE COMPARISON OF VALUES OF TIME WHICH ARE STRATIFIED BY A NUMBER OF RELEVANT SOCIO-ECONOMIC FACTORS. THIS ALLOWS A MORE DETAILED ASSESSMENT OF THE STATED PREFERENCE RESPONSES THAN IS POSSIBLE BY JUST COMPARING THE OVERALL VALUES DERIVED. THE RESULTS SUGGEST THAT THE STATED PREFERENCES PROVIDE AN ACCURATE GUIDE TO INDIVIDUALS' ACTUAL PREFERENCES.(Author/publisher).