The value of travel time for long-distance railway passenger transport in the Czech Republic

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Authors	KARLÍNOVÁ Bára KRČÁL Ondřej
Year of publication	2022
Type	Article in Periodical
Magazine / Source	Case Studies on Transport Policy
MU Faculty or unit	Faculty of Economics and Administration
Citation
Web	https://www.sciencedirect.com/science/article/pii/S2213624X22001043?via%3Dihub
Doi	http://dx.doi.org/10.1016/j.cstp.2022.05.008
Keywords	value of travel time; stated preference; discrete choice model
Attached files	1-s2.0-S2213624X22001043-main.pdf Values_of_travel_time_for_long_distance_passenger_transport_in_the_Czech_Republic.pdf
Description	This paper investigates the value of travel time (VTT) for long-distance railway passenger transport in the Czech Republic. The VTT is elicited using stated preference (SP) data from 232 respondents traveling on two main train routes in the Czech Republic, Brno-Prague and Brno-Ostrava, in 2017 and 2018, respectively. We estimate a median VTT of approximately 5 EUR/hour. This value is substantially lower than the values estimated for the Czech Republic from meta-studies based on data from other European countries, some of which are officially used for the assessment of transport projects in the Czech Republic.
Related projects:	Nová mobilita - vysokorychlostní dopravní systémy a dopravní chování populace