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  • This paper presents results of study focused on estimation of value of travel time savings in the context of long distance leisure travel by car. The study refers to the concept of willingness-to-pay for reduction of travel time. Data on choice behavior were collected by means of stated preference survey on representative sample of population in the Czech Republic and analyzed using methods of discrete choice analysis. Results of the study suggest that, in case of the most common type of long distance leisure trips – weekend trips, estimated values of travel time savings obtained by the above mentioned methods are consistent with values recommended by literature, i.e. within the range of 25 % and 50 % of the average hourly wage. The study also confirms that the value of travel time increases along with trip length
  • This paper presents results of study focused on estimation of value of travel time savings in the context of long distance leisure travel by car. The study refers to the concept of willingness-to-pay for reduction of travel time. Data on choice behavior were collected by means of stated preference survey on representative sample of population in the Czech Republic and analyzed using methods of discrete choice analysis. Results of the study suggest that, in case of the most common type of long distance leisure trips – weekend trips, estimated values of travel time savings obtained by the above mentioned methods are consistent with values recommended by literature, i.e. within the range of 25 % and 50 % of the average hourly wage. The study also confirms that the value of travel time increases along with trip length (en)
Title
  • Value of travel time savings in the context of leisure travel in the Czech Republic
  • Value of travel time savings in the context of leisure travel in the Czech Republic (en)
skos:prefLabel
  • Value of travel time savings in the context of leisure travel in the Czech Republic
  • Value of travel time savings in the context of leisure travel in the Czech Republic (en)
skos:notation
  • RIV/44994575:_____/12:#0000998!RIV13-MSM-44994575
http://linked.open...avai/riv/aktivita
http://linked.open...avai/riv/aktivity
  • P(ED2.1.00/03.0064), P(LD11059)
http://linked.open...iv/cisloPeriodika
  • 4
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
http://linked.open.../riv/druhVysledku
http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
http://linked.open...dnocenehoVysledku
  • 176946
http://linked.open...ai/riv/idVysledku
  • RIV/44994575:_____/12:#0000998
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • Value of travel time savings; conditional logit model (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...odStatuVydavatele
  • CZ - Česká republika
http://linked.open...ontrolniKodProRIV
  • [E089264FBF97]
http://linked.open...i/riv/nazevZdroje
  • Transactions on Transport Sciences
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...v/svazekPeriodika
  • 5
http://linked.open...iv/tvurceVysledku
  • Šenk, Petr
  • Biler, Stanislav
issn
  • 1802-971X
number of pages
http://bibframe.org/vocab/doi
  • 10.2478/v10158-012-0024-1
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