This review analyzes variations in the value of travel time in British studies, suggesting important trends and insights.
This paper reviews British evidence regarding the value of travel time available from models developed since 1980. There are two main aspects to the review. First, a regression model has been developed to explain variations in the value of time across studies. Second, the author reports on a review of variations in the value of time w ithin specific studies. The review also places the research in historical perspective, with reference to work conducted elsewhere.
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Mark Wardman (1998) studied this question.
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