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Endogenous scheduling preferences and travel time reliability

Project Number: 329

Project Leader: Leonid Engelson

Start Date: 2013-05-01

End Date: 2014-02-01

Description:
Research Question The proposed project is aimed to developing a theoretical framework for economic valuation of travel time variability taking into account the endogeneity of scheduling preferences and the social value of delays. The main research questions are: • How scheduling preferences for trips to/from common activities can be characterized? • How the travel time variability shall be evaluated when the purpose of the travel is a common activity requiring participation of a number of travellers? • How the welfare of participants is affected by changes in travel time variability of particular travellers?

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