Measuring the Value of Time in Freight Transportation
نویسندگان
چکیده
Despite the obstacles caused by the data constraints and diversity of industrial structure, analysis of the service sector is growing in importance. Focusing on one service industry in particular—freight transportation—a research team led by Senior Fellow Yoko Konishi set about analyzing the time cost as well as the monetary cost—cost of gasoline, expressway tolls, drivers' wages, and so forth—of transportation. In contrast with prior research, which has used supply side data, this study uses shipper data on the demand side to offer a new approach to measuring the time cost of freight transportation. With repair of the nation's aging expressways now a topic of concern, this
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