KATO, Hironori ONODA, Keiichi KIMATA, Masaki Becker DeSerpa 7 8 value of saving time Value of Travel Time Saving VTTS 002 Vol.
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1 KATO, Hironori ONODA, Keiichi KIMATA, Masaki Becker 1 26 DeSerpa 78 value of saving time Value of Travel Time Saving VTTS 2 Vol.9 No.2 26 Summer
2 X T xt Pt i i c i i I T ˆt i i i t v 1 i 1 2 i v i DeSerpax i 1 * 1 value of time as a resource 2 value of time as a commodity 1d i t* * Becker 1 16 Vol.9 No.2 26 Summer 3
3 Jiang and Morikawa SP Hultkrantz and Mortazavi 19 2 SP Hensher 2 21 Jiang and Morikawa 17 3 DeSerpa * * * * 2 * * Vol.9 No.2 26 Summer
4 * 3.2 * * * Blayac and Causse 22 Taylor b c d Vol.9 No.2 26 Summer 5
5 Small , a b21 1 c 2 a b c d 3 a 2 1 b 2 1 c a b IC c IC 5 a b c Vol.9 No.2 26 Summer
6 5.2.2 i.i.d. Multinomial Logit MNL / 1 25d b 25c c t c 2 c*t t 2 t 3 L L* x t t *** *** , , , , Vol.9 No.2 26 Summer 7
7 / / Vol.9 No.2 26 Summer
8 37.6 / * 3 * 15 * 2 3 Vol.9 No.2 26 Summer 9
9 3 6 MNL 53 Stated Preference SP 18 SP Revealed Preference RP 1 1 Vol.9 No.2 26 Summer
10 ˆt I Vol.9 No.2 26 Summer 11
11 i v i v i v m A5 4 3 X T t i,, Taylor1 A9 t i ˆt i 2 A2d * 3 2 1i 1 x i 1 x j for j i i 5 MNL 3 A12 * I * T 1_t,i Vol.9 No.2 26 Summer
12 1 c i ˆt i 2 c i ˆt i A Becker G. A Theory of the allocation of time The Economic Journal Vol.75 pp Johnson M. Travel time and the price of leisure Western Economic Journal No.4 pp Oort O. The evaluation of traveling time Journal of Transport Economics and Policy Vol.3 pp De Donnea F.X. Consumer behaviour transport mode choice and value of time some micro-economics models Regional and Urban Economics Vol.1 pp Evans. A. On the theory of the valuation and allocation of time Scottish Journal of Political Economy Vol.19 pp Jara-Diaz S.D. Allocation and valuation of travel-time savings Handbook of Transport Modelling eds. by Hensher D.A.and Button K.J. Elsevier Science Ltd pp DeSerpa A.C. A theory of the economics of time The Economic Journal Vol.81 pp DeSerpa A.C. Microeconomic theory and the valuation of travel time some clarification Regional and Urban Economics Vol.2 pp Train K.and McFadden D. The goods/leisure tradeoff and disaggregate work trip mode choice models Transportation Research Vol.12 pp Truong T.P.and Hensher D.A. Measurement of travel times values and opportunity cost from a discrete-choice model The Economic Journal Vol.95 pp Bates J.J. Measuring travel time values with a discrete choice model a note The Economic Journal Vol.97 pp Wardman M. The value of travel time-a review of British evidence Journal of Transport Economics and Policy Vol.32 pp Wardman M. A review of British evidence on time and service quality valuation Transportation Research Vol.37E pp Wardman M. Public transport values of time Transport Policy Vol.11 pp No pp pp A Jiang M.and Morikawa T. Theoretical analysis on the variation of value of travel time savings Transportation Research Vol.38A pp Vol.19 No.3 pp Hultkrantz L.and Mortazavi R. Anomalies in the Value of Travel-time Changes Journal of Transport Economics and Policy Vol.35 pp Hensher D.A. Behavioral Value of Travel Time Savings in Personal and Commercial Automobile Travel The Full Costs and Benefits of Transportation ed.by Greene D.L. Jones D.W.and Delucchi M.A. Springer Vol.9 No.2 26 Summer 13
13 21 No.793/IV 68 pp Blayac T.and Causse A Value of travel time a theoretical legitimization of some nonlinear representative utility in discrete choice models Transportation Research Vol.35B pp Small K. Project Evaluation Essays in Transportation Economics and Policy A Handbook in Honor of John R. Meyer eds. by Gomez-Ibanez J. A. Tye W.B.and Winston C. Washington D.C. Brookings Institution pp )Hess, S., Bierlaire, M. and Polak, J.W.:Estimating value-of-time using Mixed Logitmodels, Presented at 84th Annual Meeting of the Transportation Research Board, Washington D.C., January, Sillano M.and Ortuzar J.de D. Willingness-to-pay estimation with mixed logit models some new evidence Environmental and Planning A Vol.37 pp No.3 pp pp Ben-Akiva M.and Lerman S. Discrete Choice Analysis Theory and Application to Travel Demand MIT Press ON THE VALUE OF TRAVEL TIME SAVING OVER TRAVEL TIME: EMPIRICAL STUDY OF INTER URBAN TRAVEL FOR RECREATION By Hironori KATO Keiichi ONODA and Masaki KIMATA This study analyzes the variation of the Value of Travel Time Saving VTTS over travel time. First we formulate a time allocation model with the discrete choice theory. Next we derive the VTTS from an approximated indirect utility function. After a discussion on the properties of the variation of the VTTS over travel time we analyze the VTTS with the empirical data of modal choice of inter urban leisure travel of Japan. The empirical analysis shows the VTTS decreases as the travel time increases. Finally we discuss the reasons for the results of the empirical analysis Key Words : value of travel time saving, discrete choice model, inter-urban travel for recreation, mode choice behavior, non-linear utility function 14 Vol.9 No.2 26 Summer
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