We investigate whether the value of time (VOT) depends on when the corresponding preferences are measured: in advance, just before, or after the time period for which the time preferences are being evaluated. We find that the VOT is highest when elicited just before the time period. This is an...

Theoretical and empirical studies of consumer scheduling behavior in commuting, and the associated valuation of time and schedule delays usually ignore that consumers have more exibility to adjust their schedule in the longer run than in the shorter run, implying that also these valuations may...

A common way to determine values of travel time and schedule delay is to estimate departure time choice models, using stated preference (SP) or revealed preference (RP) data. The latter are used less frequently, mainly because of the di fficulties to collect the data required for the model...