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The Myth of Travel Time Saving
Abstract
The idea that the main benefit of improvements to transport infrastructure is the saving of travel time has been central to transport economic analysis. There is, however, little empirical evidence to support this proposition. Indeed, in the long run average travel time is conserved, implying that travellers take the benefit of improvements in the form of additional access to more distant destinations made possible by higher speeds. Such a perspective, based on considerations of the value of access, has implications for economic appraisal, modelling and policy.
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- Available online: 16 Apr 2008
Author affiliations
- a Centre for Transport Studies, University College London, London, UK
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- 2010 Impact Factor: 1.722
- Ranking: 6/23 (Transportation)
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