Construct · 1 fields · 1 citations

value of travel time savings: a standalone construct

One name. One construct. A landmark on the map.

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value of traveltime savings1 CONSTRUCTValue of travel timeDESERPA · TRANSPORT ECONOMICS

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Transport economics

the money a traveler would pay to save a unit of travel time, grounded in how people allocate scarce time among activities.

In transport economics, value of travel time savings refers to the money a traveler would pay to save a unit of travel time, grounded in how people allocate scarce time among activities. This meaning comes from DeSerpa (1971) in The Economic Journal.[1]

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Nearby constructs

DeSerpa time allocation model1 fields · 1 citationsanchor · a standalone constructharried leisure class1 fields · 1 citationsanchor · a standalone constructsave1 fields · 1 citationsanchor · a standalone construct

References

  1. DeSerpa, A. C. (1971). A Theory of the Economics of Time. The Economic Journal, 81(324), 828. https://doi.org/10.2307/2230320

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