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Original Articles

The value of time: a theoretical review

Pages 245-266 | Published online: 13 Mar 2007

Keep up to date with the latest research on this topic with citation updates for this article.

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Nikolas Thomopoulos, Scott Cohen, Debbie Hopkins, Lauren Siegel & Simon Kimber. (2021) All work and no play? Autonomous vehicles and non-commuting journeys. Transport Reviews 41:4, pages 456-477.
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Rosa Marina González, Ángel S. Marrero & Manuel Navarro-Ibáñez. (2018) Tourists’ travel time values using discrete choice models: the recreational value of the Teide National Park. Journal of Sustainable Tourism 26:12, pages 2021-2042.
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Louis de Grange, Paula Fariña & Juan de Dios Ortúzar. (2015) Dealing with collinearity in travel time valuation. Transportmetrica A: Transport Science 11:4, pages 317-332.
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Iljoon Chang & Gang‐len Chang . (2004) A network‐based model for estimating the market share of a new high‐speed rail system. Transportation Planning and Technology 27:2, pages 67-90.
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Articles from other publishers (25)

Thomas M. van Rensburg, Noreen Brennan & Aoife Howard. (2023) Tourist preferences for fuel cell vehicle rental: going green with hydrogen on the island of Tenerife. International Journal of Hydrogen Energy 48:75, pages 29350-29366.
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Tae‐Hyoung Tommy Gim. (2021) Quantile regression on the nonlinear relationship between land use and trip time. Papers in Regional Science 100:4, pages 1055-1078.
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Rosa Marina González, Concepción Román & Ángel Simón Marrero. (2021) Values of Travel Time for Recreational Trips under Different Behavioural Rules. Sustainability 13:12, pages 6831.
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Tae-Hyoung Tommy Gim & Joonho Ko. (2016) Maximum Likelihood and Firth Logistic Regression of the Pedestrian Route Choice. International Regional Science Review 40:6, pages 616-637.
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Sergio Jara-Díaz & Jorge Rosales-Salas. (2017) Beyond transport time: A review of time use modeling. Transportation Research Part A: Policy and Practice 97, pages 209-230.
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Hisa Morisugi. (2017) Measurement of Value of Time for Freight Trips and its Benefit by Market Information. Transportation Research Procedia 25, pages 5144-5159.
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Thijs Dekker. (2014) Indifference based value of time measures for Random Regret Minimisation models. Journal of Choice Modelling 12, pages 10-20.
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Marina Antillón, Diane S. Lauderdale & John Mullahy. (2014) Sleep behavior and unemployment conditions. Economics & Human Biology 14, pages 22-32.
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Hironori Kato. (2013) On the Value of Business Travel Time Savings. Transportation Research Record: Journal of the Transportation Research Board 2343:1, pages 34-42.
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Hironori KATO. (2013) ON THE THEORY OF VALUE OF BUSINESS TRAVEL TIME SAVINGS. Journal of Japan Society of Civil Engineers, Ser. D3 (Infrastructure Planning and Management) 69:2, pages 81-100.
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Kenneth A. Small. (2012) Valuation of travel time. Economics of Transportation 1:1-2, pages 2-14.
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Rosa Marina González & Gustavo A. Marrero. (2012) Induced road traffic in Spanish regions: A dynamic panel data model. Transportation Research Part A: Policy and Practice 46:3, pages 435-445.
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Carlos E. Carpio, Michael K. Wohlgenant & Charles D. Safley. (2008) A Structural Econometric Model of Joint Consumption of Goods and Recreational Time: An Application to Pick‐Your‐Own Fruit. American Journal of Agricultural Economics 90:3, pages 644-657.
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Kaan Ozbay & Ozlem Yanmaz-Tuzel. (2008) Valuation of travel time and departure time choice in the presence of time-of-day pricing. Transportation Research Part A: Policy and Practice 42:4, pages 577-590.
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Jukka Matero & Olli Saastamoinen. (2007) In search of marginal environmental valuations — ecosystem services in Finnish forest accounting. Ecological Economics 61:1, pages 101-114.
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Kaan OzbayOzlem Yanmaz-TuzelJosé Holguín-Veras. (2006) Theoretical Derivation of Value of Travel Time and Demand Elasticity. Transportation Research Record: Journal of the Transportation Research Board 1985:1, pages 248-256.
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Francisco Javier Amador, Rosa Marina González & Juan de Dios Ortúzar. (2005) Preference Heterogeneity and Willingness to Pay for Travel Time Savings. Transportation 32:6, pages 627-647.
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Kees Maat, Bert van Wee & Dominic Stead. (2016) Land Use and Travel Behaviour: Expected Effects from the Perspective of Utility Theory and Activity-Based Theories. Environment and Planning B: Planning and Design 32:1, pages 33-46.
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Ming‐Shong Shiaw. (2010) Value of leisure time based on individuals' mode choice behavior. Journal of Advanced Transportation 38:2, pages 147-162.
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David Brownstone, Arindam Ghosh, Thomas F Golob, Camilla Kazimi & Dirk Van Amelsfort. (2003) Drivers’ willingness-to-pay to reduce travel time: evidence from the San Diego I-15 congestion pricing project. Transportation Research Part A: Policy and Practice 37:4, pages 373-387.
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Bert van Wee. (2002) Land use and transport: research and policy challenges. Journal of Transport Geography 10:4, pages 259-271.
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Jonas Eliasson & Lars-Göran Mattsson. (2000) A model for integrated analysis of household location and travel choices. Transportation Research Part A: Policy and Practice 34:5, pages 375-394.
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Colin G. Pooley & Jean Turnbull. (2000) Modal choice and modal change: the journey to work in Britain since 1890. Journal of Transport Geography 8:1, pages 11-24.
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Sabine M. Schäffer. 2000. Neue Aspekte des Dienstleistungsmarketing. Neue Aspekte des Dienstleistungsmarketing 201 219 .
Sverre Strand. (1999) Bottlenecks in Transportation Research: Understanding Behavior, the Alpha and Omega for the Applicability of Applied Research. Transportation Research Record: Journal of the Transportation Research Board 1659:1, pages 46-50.
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