English, Article edition: Travel Time - Variable or Constant? David Metz

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/33116
Physical Description
  • article
Language
  • English

Edition details

Title
  • Travel Time - Variable or Constant?
Author
  • David Metz
Physical Description
  • article
Notes
  • Empirically, travel time averaged across a population is invariant at close to one hour per person per day. Nevertheless, standard transport analysis treats travel time as a variable, scoring the value of time savings in cost-benefit analysis of proposed new infrastructure, and minimising generalised travel time in transport modelling. This paper argues that the invariance of travel time needs to be explained, and that such an explanation might involve a marginal approach to travel time, as well as the possibility of there being an intrinsic utility to travel. These concepts are consistent with economic principles but not with the current practice of transport economics. It is further argued that the benefits of transport system improvement are to be found in the additional access afforded, not in notional travel time savings; and that conventional transport models that pay no regard to the invariance of aggregate travel time may mislead. It is suggested that in transport analysis, aggregate travel time should be treated as a constant, not a variable. © 2004 LSE and the University of Bath
  • RePEc:tpe:jtecpo:v:38:y:2004:i:3:p:333-344
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment