Valuation of Travel Time

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Forecasting the Impact of Connected and Automated Vehicles on Energy Use: A Microeconomic Study of Induced Travel and Energy Rebound (2019, background): “The time cost generally dominates the fuel cost, consistent with previous research that highlights the relative importance of travel time cost [7,26,29].”
Real consequences matter: Why hypothetical biases in the valuation of time persist even in controlled lab experiments (2019, background): “The value of (travel) time (VOT) is an essential input for transport models and appraisals of transport investments and policies, and therefore is one of the most important parameters in transport economics (e.g. Small, 2012).”
Gender Differences in Job Search: Trading off COMMUTE AGAINST WAGE* (2020, background): “The large literature in transport economics on the value of travel time tends to focus on heterogeneity across income groups rather than gender differences (for a review, see Small 2012).”
What Can Be Learned from Spatial Economics? (2019, positive): “In this case, using income-independent commuting costs seems restrictive for studying households’ residential choices because there is ample evidence suggesting that the opportunity cost of time increases with income (Small 2012, Koster and Koster 2015).”