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Simultaneous estimation of a joint time use, expenditure allocation and mode choice model
(2018)As a key valuation indicator, the value of travel time savings (VTTS) has always been subject to extensive debate in both academia and politics, because savings in travel time have accounted for the biggest share of user benefits in most cost-benefit analysis (CBA). Recent research has shown a trend towards a potentially more insightful measure by decomposing VTTS - typically derived from mode, route and/or destination choice models - ...Conference Paper