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” Let Me Save You Some Time... On Valuing Travelers' Time in Urban Transportation”

Publicerad 2019-12-12

Ny artikel: Maria Nordström, Sven Ove Hansson och Muriel Beser Hugosson, ” Let Me Save You Some Time... On Valuing Travelers' Time in Urban Transportation”  Essays in Philosophy, vol 20, iss 2, 2019. 

Systems of urban transportation are largely shaped through planning practices. In transport economics, the benefits of infrastructure investments consist mainly of travel time savings calculated using monetary values of time. The economic interpretation of the value of travel time has significantly shaped our urban environment and transportation schemes. However, there is often an underlying assumption of transferability between time and money, which arguably does not sufficiently take into account the specific features of time. In this paper, we analyze the various properties of time as an economic resource using findings in behavioral economics and psychology to better understand what aspects of time that matter to valuing time. The intent is for the analysis to be applied to further develop modeling where value of time plays a significant role; such as new models for the planning of urban transport.

Innehållsansvarig:filosofi@abe.kth.se
Tillhör: Avdelningen för filosofi
Senast ändrad: 2019-12-12