The value of the travel time in the Czech Republic: Econometric Estimation on data from Pilsen
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11690%2F08%3A00010434" target="_blank" >RIV/00216208:11690/08:00010434 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The value of the travel time in the Czech Republic: Econometric Estimation on data from Pilsen
Original language description
The aim of this paper is to apply advanced econometric techniques to estimate the monetary value of travel time in a Czech urban area. The model is cast in the discrete-choice framework and is applied on a data-set of actual transport behavior of Pilseninhabitants. To estimate the monetary value of the travel time, I use a multinomial logit model. The set of explanatory variables includes trip costs, travel time, socio-demographic characteristics and attitudes towards various transport modes. The choice is estimated for journeys to work and journeys to home during the reference day. As can be expected, the value of time differs according to the trip purpose. The values vary between 40 and 56 CZK per hour for trips to work and between 38 and 74 CZK perhour for trips to home. The highest value was estimated for trips from work to home, the lowest value was received for trips to home from shopping. The results confirm that the value of time of leisure trips is lower than that of trips t
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GP402%2F07%2FP484" target="_blank" >GP402/07/P484: Theoretical analysis of transport regulation</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2008
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Rozvoj a perspektivy dopravního systému ve vazbě na vnější okolí
ISBN
978-80-86530-50-5
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
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Publisher name
Dopravní fakulta Jana Pernera, Univerzita Pardubice
Place of publication
Pardubice
Event location
Pardubice
Event date
Oct 23, 2008
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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