A framework for capturing heterogeneity, heteroskedasticity, non-linearity, reference dependence and design artefacts in value of time research
- Submitting institution
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The University of Leeds
- Unit of assessment
- 12 - Engineering
- Output identifier
- ITS-28
- Type
- D - Journal article
- DOI
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10.1016/j.trb.2016.11.002
- Title of journal
- Transportation Research Part B: Methodological
- Article number
- -
- First page
- 126
- Volume
- 96
- Issue
- -
- ISSN
- 0191-2615
- Open access status
- Access exception
- Month of publication
- December
- Year of publication
- 2016
- URL
-
https://doi.org/10.1016/j.trb.2016.11.002
- Supplementary information
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-
- Request cross-referral to
- -
- Output has been delayed by COVID-19
- No
- COVID-19 affected output statement
- -
- Forensic science
- No
- Criminology
- No
- Interdisciplinary
- No
- Number of additional authors
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4
- Research group(s)
-
-
- Proposed double-weighted
- No
- Reserve for an output with double weighting
- No
- Additional information
- Funded by the Department for Transport, this describes the most advanced national study for value of travel time (VTT). It developed new approaches to capturing reference dependence, non-linearities in preferences, and deterministic and random heterogeneity across travellers and produced values that will guide transport policy and infrastructure decisions for years to come. The results form the basis of the official UK government guidance (TAG Unit A1.3), mandatory for infrastructure projects. It has led to further work, including an Irish VTT study (transferring the UK values), a UK freight VTT study, and the robust updating of VTT study for the UK.
- Author contribution statement
- -
- Non-English
- No
- English abstract
- -
