Die ökonomische Bewertung kleiner Reisezeiteinsparungen / The Economic Valuation of Small Travel Time Savings
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Andy Obermeyer
,
Bernhard Wieland
Summary
Travel time savings are usually the most important utility component in transport infrastructure project evaluation. One of the controversial issues in research on the valuation of travel time savings is the assessment of small time savings. This article goes into this matter with specific focus on indifference thresholds in discrete choice models. Our research shows, if such thresholds exist, valuation of time savings should be differentiated according to the size of the time saving. In particular, small time savings should be valued at a lower rate than large ones. Consequences and criticism regarding this procedure are discussed. We find similarities to the currently applied evaluation methodology in the German Federal Infrastructure Plan.
© 2014 by Lucius & Lucius, Stuttgart
Articles in the same Issue
- Inhalt / Contents
- Editorial Announcement
- Abhandlungen / Original Papers
- Firm-Provided Training During the Great Recession
- Multiple Comparisons and Joint Significance in Panel Unit Root Testing with Evidence on International Interest Rate Linkage
- Die ökonomische Bewertung kleiner Reisezeiteinsparungen / The Economic Valuation of Small Travel Time Savings
- The Identification of Reporting Accuracies from Mirror Data
- Literaturbeitrag / Review Book. Über die Natur und das Wesen des Geldes – J. H. von Thünens unveröffentlichtes Manuskript zur Geldtheorie / The Nature and the Essence of Money – J. H. von Thuenen’s unpublished Manuscript on Monetary Economics
- Buchbesprechung / Book Review
Articles in the same Issue
- Inhalt / Contents
- Editorial Announcement
- Abhandlungen / Original Papers
- Firm-Provided Training During the Great Recession
- Multiple Comparisons and Joint Significance in Panel Unit Root Testing with Evidence on International Interest Rate Linkage
- Die ökonomische Bewertung kleiner Reisezeiteinsparungen / The Economic Valuation of Small Travel Time Savings
- The Identification of Reporting Accuracies from Mirror Data
- Literaturbeitrag / Review Book. Über die Natur und das Wesen des Geldes – J. H. von Thünens unveröffentlichtes Manuskript zur Geldtheorie / The Nature and the Essence of Money – J. H. von Thuenen’s unpublished Manuscript on Monetary Economics
- Buchbesprechung / Book Review
