The valuation of commuter travel time savings for car drivers: evaluating alternative model specifications

By David A. Hensher. 2001

284 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Transportation

View Paper: https://www.semanticscholar.org/paper/f55d6976add00068759bcc2e5c5b2952661ca360

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. John M. Rose
2. Stephane Hess
3. David A. Hensher
4. Kenneth Small
5. Michiel C. J. Bliemer
6. Mogens Fosgerau
7. William H. Greene
8. Riccardo Scarpa

In Transportation

1. John M. Rose
2. David A. Hensher
3. Kenneth Small
4. Stephane Hess
5. Mogens Fosgerau
6. William H. Greene
7. Michiel C. J. Bliemer
8. David M Levinson

Citations in the corpus

• Households’ Willingness to Pay for Water Service Attributes (2005, unknown): “We use Halton intelligent draws for the simulation, which have been found to provide far greater accuracy than independent random draws in the estimation of mixed logits (Bhat 2001; Train 2000; and Hensher 2001).”
• Efficient stated choice experiments for estimating nested logit models (2009, background): “…measures on traffic (e.g., Garrod et al., 2002)., to study the influences on parking choice (e.g., Shiflan and Bard-Eden, 2001; Hensher and King, 2001; van der Waerden et al., 2002) and to establish the Value of Travel-Time Savings (VTTS) of commuters and non-commuters (e.g., Hensher, 2001a,b).”
• The Mixed Logit model: The state of practice (2003, methodology): “Train (1999), Revelt and Train (1999) and Hensher (2001a) have also reported similar large reductions in computation time using Halton sequences for mixed logit estimation.”
• Approximation of bayesian efficiency in experimental choice designs (2008, unknown): “…for a cycle-way network (e.g., Ortúzar et al. 2000), and to calculate Value of Travel-Time Savings (VTTS) of commuters and non-commuters (e.g., Hensher 2001a,b), whilst in marketing, choice of orange juice (e.g., Swait and Adamowicz 2001) and soft drink and holiday destination choice…”
• Willingness-to-Pay Estimation with Mixed Logit Models: Some New Evidence (2005, methodology): “Hensher (2001a; 2001b; 2001c) has also found higher mean WTP values for heteroscedastic and autoregressive specifications, which could indicate that mixed-logit models (with any error structure) tend to overestimate WTP values.”
• The trade-off between money and travel time: A test of the theory of reference-dependent preferences (2008, background): “ Hensher (2001) , Wardman (2001), Small et al. (2005)).”
• Value of Travel Time Reliability: A Review of Current Evidence (2010, methodology): “Hensher (2001) used bar diagrams dividing the total travel time into: free flow, slowed down, stop/start, and uncertainty.”
• Revealing Differences in Willingness to Pay due to the Dimensionality of Stated Choice Designs: An Initial Assessment (2006, methodology): “Insights from past studies (Hensher 2001a,b) determined their approximate values.”
• Modeling preference heterogeneity in stated choice data: an analysis for public goods generated by agriculture (2009, background): “Recent applications of the model extend over the fields of transportation (Hensher, 2001; Amador et. al, 2005), consumer choice (Revelt and Train, 1998), recreation (Train, 1998; Hanley et al. 2002 ), health (Personn, 2002) and waste management (Layton 2000).”