Temporal framing of SP choice experiments: does it affect valuations? (original) (raw)

2017

Abstract

Introduction Most studies on travel behavior ignore that the travelers’ valuations of trip attributes may depend on the temporal context of the choices used to derive these valuations. One exception is the study by Peer et al. (2015), which is based on revealed preference (RP) data. They find that car drivers value travel time higher in the long-run context (corresponding to the choice of travel routines), probably because changes in travel time can be exploited better through the adjustment of routines. Moreover, schedule delays are valued higher in the short-run context (corresponding to the choice of day-specific departure times), likely reflecting that scheduling constraints tend to be more binding in the short-run. This means that the rescheduling costs are bigger in the short run. The latter finding is consistent with Borjesson et al (2012) who find that valuations of variability in reduced-form models (where travelers know the travel time distribution) are much higher than th...

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