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The Cost of Convenience: A Hedonic Approach to Travel Time Valuation and Cost‐Benefit Analysis.

This paper presents a novel revealed‐preference approach to estimating the value of travel time (VTT) and calculating consumer surplus for the economic evaluation of transport infrastructure. Departing from traditional stated‐preference models, we derive time valuations by linking residential rental...

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Published in:Journal of Regional Science Vol. 66; no. 4; pp. 1140 - 1166
Main Authors: Mann, Isaac, Levinson, David M.
Format: Article
Published: Wiley-Blackwell Sep2026
Subjects:
Sydney (N.S.W.)
Cost benefit analysis
Rental housing
Infrastructure (Economics)
Travel time (Traffic engineering)
Valuation
Consumers' surplus
Online Access:View this record in EBSCOhost