Abstract
Users' value of travel time (VOTT) and their responsiveness to toll changes (elasticity) for different trip purposes in the presence of time-of-day pricing is explored for drivers on the New Jersey Turnpike (NJTPK). An analytical model is developed by extending DeSerpa's classical time allocation model and relaxing the constant marginal utility assumption. This model joins users' time-of-day choices in the presence of time-of-day pricing and departure- or arrival-time restrictions. With traveler survey data collected to evaluate the NJTPK time-of-day pricing program, VOTT and elasticity functions for different departure-time choices and trip purposes are estimated. The main contribution of the empirical results is the finding that in the presence of time-of-day pricing applications, when the main choice of commuters is departure time rather than alternative routes or modes, VOTT and elasticity of a user are influenced by trip purpose, desired arrival time, and early or late arrival amount in addition to t...
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Transportation Research Record: Journal of the Transportation Research Board
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
