Swiss_value_of_time_study

The value of travel time (VTT), usually estimated from travel choice models, has been - and still is - a key measure for evaluating new transportation infrastructure investments, typically accounting for the largest share in traveler’s benefits in cost-benefit analyses (CBA). Switzerland’s CBA norm was last updated more than ten years ago (VSS Norm, 2009). The current study builds on sophisticated survey techniques to obtain the revealed
preference (RP) reference values for the subsequent behavioral choice experiments, where respondents are conducting not only the typical short-term (i.e. mode and route choice), but also long-term (i.e. residential and workplace location choice) stated preference (SP)
experiments.
The main goals of the study are to update the VTT for motorized individual vehicles (car driver and motorbike; MIV) and public transportation (PT), where direct comparisons between individuals’ short- and long-term value will shed new light on the time vs. money trade-offs and valuation patterns for different experimental settings and time horizons.
Furthermore, we also collect information on respondents’ mode consideration for their RP reference trips, which allows to account for choice set composition in the RP and SP mode choice domains to get more reliable VTT estimates.