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| Author: | Jara-Díaz, S.R. Guevara, C.A. |
| Title: | Behind the subjective value of travel time savings: the perceptions of work, leisure, and travel from a joint mode choice activity model |
| Journal: | Journal of Transport, Economics and Policy
2003 : JAN, VOL. 37:1, p. 29-46 |
| Index terms: | Choice theory Leisure Time Travel |
| Language: | eng |
| Abstract: | In this article the fact that travel (mode) choice and activity demand models come from a common microeconomic framework such that their specifications are linked is taken into consideration. It is shown that estimating both types of models from the same population makes it possible to obtain all components of the subjective value of travel time savings empirically because the models share some common parameters. |
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