The value of time in a repeated and one-off setup

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F24%3A00135364" target="_blank" >RIV/00216224:14560/24:00135364 - isvavai.cz</a>
Result on the web
<a href="https://www.sciencedirect.com/science/article/pii/S0739885924000039" target="_blank" >https://www.sciencedirect.com/science/article/pii/S0739885924000039</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.retrec.2024.101408" target="_blank" >10.1016/j.retrec.2024.101408</a>

Result language
angličtina
Original language name
The value of time in a repeated and one-off setup
Original language description
Some recent studies have highlighted the importance of considering the temporal context as a potential factor influencing time valuation estimates. However, in studies that compare shorter and longer-run choice settings, various elements tend to differ between the two settings, rendering it difficult to infer what drives short and long-run estimates apart. This paper focuses on the comparison between time valuations associated with one-off vs. repeated events. We present the results of a lab experiment on the valuation of waiting time, which has been carefully designed such that the only element varying between the two treatments is whether the choice has a repetitive character or concerns a one-off event. We find no significant differences between the two treatments, and hence can conclude that the repetitive character of a choice situation is unlikely to drive differences between short- and long-run estimates, at least if the concerned travel or waiting times are relatively short (<10 min).
Czech name
—
Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50202 - Applied Economics, Econometrics

Project
<a href="/en/project/EF16_026%2F0008430" target="_blank" >EF16_026/0008430: New Mobility - High-Speed Transport Systems and Transport-Related Human Behaviour</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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