Abstract
In this paper, we explore how valuations of trip attributes by train commuters differ between a short-run (departure time choice) and a long-run (travel routine choice) context using a unique SP experiment explicitly designed for this purpose. In the short-run version of the SP experiment, the respondents receive information about available travel options shortly before they had planned to travel. In the long-run version, the respondents receive information about available travel options one month ahead of the planned travel. The short-run context concerns temporary changes in available travel options, while the long-run context concerns permanent changes. We find significantly higher valuations of trip attributes in the long-run context. Moreover, our results indicate that the usual arrival time at work as well as the intrinsically preferred arrival time at work serve as reference points in the short-run as well as the long-run choice context, with the former dominating in the short-run context and the latter in the long-run context.
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