Meta-Analysis and the Value of Travel Time Savings: A Transatlantic Perspective in Passenger Transport |
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| Authors: | Luca Zamparini Aura Reggiani |
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| Affiliation: | (1) Department of Law, Faculty of Social, Political, and Territorial Sciences, University of Salento, Via per Monteroni snc, 73100 Lecce, Italy;(2) Department of Economics, Faculty of Statistics, University of Bologna, Plazza Scaravilli 2, 40126 Bologna, Italy |
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| Abstract: | The value of travel time savings (VTTS) is the monetary value attached to the possibility to save a determined amount of travel
time. VTTS is also the most important benefit category aimed at justifying investments in transport infrastructures by public
administrations. Hence VTTS played a significant role in various economic studies, both analytical and empirical. The present
paper introduces a brief history of meta-analysis and describes the microeconomic formula used in VTTS estimations. It also
provides a meta-analytical estimation of a selection of empirical studies, emphasizing the similarities and the differences
between European and North-American observations. |
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| Keywords: | Meta-analysis Value of travel time savings Passenger transport |
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