In 1987 the federal government permitted states to raise the speed limit on their rural interstate roads, but not on their urban interstate roads, from 55 mph to 65 mph for the first time in over a decade. Since the states that adopted the higher speed limit must have valued the travel hours...

This paper positions time in the centre of spatial economic analysis, with a particular view on transport behaviour. The conventional assumption is that there is for most people in our society a constant travel time budget, so that higher speeds tend to lead to longer travel distance....