Travel time savings are usually the most important utility component in transport infrastructure project evaluation. One of the controversial issues in research on the valuation of travel time savings is the assessment of small time savings. This article goes into this matter with specific focus...

In the European Union, the infrastructure charging regimes that can be observed are often far from internalising external costs and are rarely based on efficiency principles. In this situation differentiation of existing charges appears to be a sensible intermediate step. In this paper we study...