A joint time-assignment and expenditure-allocation model: value of leisure and value of time assigned to travel for specific population segments

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The value of travel time savings (VTTS) is the monetary value attached to save a determined amount of travel time. VTTS is also the most important benefit category aimed at justifying investments in transport infrastructures by public administrations. Hence VTTS played a significant role in various economic studies, both analytical and empirical (Zamparini & Reggiani, 2007). "It is difficult to...

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A new approach to calculate the value of leisure is developed and applied. This is derived from a consumer behaviour model that includes goods and activities. A system of time assignment equations is explicitly obtained from which the values of both leisure and work can be analytically calculated using econometrically estimated parameters. This framework is applied using detailed data from thre...

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This multidisciplinary study has investigated the impacts of Information and Communication Technologies (ICT), as computers, telephones, or televisions, on leisure activities and leisure-related travel, developing and empirically validating the Time Allocation to Leisure and Travel (TALT) Model for analysis of personal time-budget, and for exploration of tradeoffs between personal-activity dema...

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For example, if someone is in the central business district of a large city, it might be cheapest to walk to a given destination. However, if the traveler has a particularly high value of travel time, the person might elect to pay for a ride to get to his or her destination faster. Similarly, a person driving a car might be faced with the choice between sitting in congestion or electing to pay ...

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ژورنال

عنوان ژورنال: Transportation

سال: 2019

ISSN: 0049-4488,1572-9435

DOI: 10.1007/s11116-019-10022-w