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Value of Travel Time is Lower When Being Driven than when Driving Oneself

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By Andisheh Ranjbari, Don MacKenzie, Don Mackenzie, Parastoo Jabbari, Paul Leiby
| findingspress.org
The value of travel time (VOTT) has been called “the most important number in transport economics” (Daly and Hess 2020), affecting both the quantity and mode of travel, as well as the estimated benefits of transportation infrastructure investments (U.S. Department of Transportation 2016).
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