This paper explores drivers’ subjective value of time under moving and stopped freeway travel conditions with a stated preference survey. Unlike previous studies that assumed a constant value of time, this research relates perceived satisfaction of a freeway trip to its quality indicators....

The opportunity Value of Travel Time (VTT) is one of the most important parts of the total cost of recreation day-trips and arguably the most difficult to estimate. Most studies build upon the theoretical framework proposed by Becker's (1965) by using a combination of revealed and stated...