Author(s)

E. Musso, M. Benacchio & C. Ferrari

Abstract

Among factors affecting the choice of transport mode in urban mobility, a key role is played by "non-monetary" components. Travel time has become a crucial variable to be computed in order to correctly evaluate total (monetary + non monetary) travel costs compared with the economic utility of transport. Starting from some milestones of microeconomic literature on the broader issue of time value, the paper deals with the specific matter of an economic approach to travel time perception, estimation and rating in an urban transport context. This assessment process, which crucially affects modal split, is influenced by unavoidable subjectivity due to socio-economic characteristics of tra

Keywords