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  • The aim of this paper is to apply advanced econometric techniques to estimate the monetary value of travel time in a Czech urban area. The model is cast in the discrete-choice framework and is applied on a data-set of actual transport behavior of Pilsen inhabitants. To estimate the monetary value of the travel time, the probability of the choice of a particular transport mode for a specific trip purpose must be estimated. I consider the following transport modes: car, city public transport, bicycle and walking. The Cube software provides trip characteristics for each trip and used mode and also for all alternative modes. I use a multinomial logit model. Explanatory variables include trip costs, travel time, socio-demographic characteristics and attitudes towards transport modes. The choice is estimated for journeys to work and home. The value of time varies with trip purpose. My results suggest that current practice of the Ministry of Transport significantly overestimates the actual value of time.
  • The aim of this paper is to apply advanced econometric techniques to estimate the monetary value of travel time in a Czech urban area. The model is cast in the discrete-choice framework and is applied on a data-set of actual transport behavior of Pilsen inhabitants. To estimate the monetary value of the travel time, the probability of the choice of a particular transport mode for a specific trip purpose must be estimated. I consider the following transport modes: car, city public transport, bicycle and walking. The Cube software provides trip characteristics for each trip and used mode and also for all alternative modes. I use a multinomial logit model. Explanatory variables include trip costs, travel time, socio-demographic characteristics and attitudes towards transport modes. The choice is estimated for journeys to work and home. The value of time varies with trip purpose. My results suggest that current practice of the Ministry of Transport significantly overestimates the actual value of time. (en)
Title
  • The econometric estimation of the value of time in urban areas: The case study from Pilsen
  • The econometric estimation of the value of time in urban areas: The case study from Pilsen (en)
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  • The econometric estimation of the value of time in urban areas: The case study from Pilsen
  • The econometric estimation of the value of time in urban areas: The case study from Pilsen (en)
skos:notation
  • RIV/00216208:11690/08:00009997!RIV10-GA0-11690___
http://linked.open...avai/riv/aktivita
http://linked.open...avai/riv/aktivity
  • P(GP402/07/P484)
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
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http://linked.open...iv/duvernostUdaju
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  • 364818
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  • RIV/00216208:11690/08:00009997
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • Discrete Choice Models; Random Parameter Model; Value of travel time; passenger transport (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...ontrolniKodProRIV
  • [D17CA2A59E54]
http://linked.open...v/mistoKonaniAkce
  • Liberec
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  • Liberec
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  • Proceeding of 26th International Conference on Mathematical Methods in Economics 2008, September 17-19, 2008, Liberec, Czech Republic
http://linked.open...in/vavai/riv/obor
http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
http://linked.open...vavai/riv/projekt
http://linked.open...UplatneniVysledku
http://linked.open...iv/tvurceVysledku
  • Brůhová - Foltýnová, Hana
http://linked.open...vavai/riv/typAkce
http://linked.open...ain/vavai/riv/wos
  • 000260962300007
http://linked.open.../riv/zahajeniAkce
number of pages
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  • Technická univerzita v Liberci
https://schema.org/isbn
  • 978-80-7372-387-3
http://localhost/t...ganizacniJednotka
  • 11690
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