| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14666 |
| DP14666 The Value of Time: Evidence From Auctioned Cab Rides | |
| Nicholas Buchholz; Laura Doval; Jakub Kastl; Filip Matějka; Tobias Salz | |
| 发表日期 | 2020-04-27 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We estimate valuations of time using detailed consumer choice data from a large European ride hail platform, where drivers bid on trips and consumers choose between a set of potential rides with different prices and waiting times. We estimate consumer demand as a function of prices and waiting times. While demand is responsive to both, price elasticities are on average four times higher than waiting-time elasticities. We show how these estimates can be mapped into values of time that vary by place, person, and time of day. Regarding variation within a day, the value of time during non-work hours is 16% lower than during work hours. Regarding the spatial dimension, our value of time measures are highly correlated both with real estate prices and urban GPS travel flows. We apply our measures to quantify the opportunity cost of traffic congestion in Prague, which we estimate at $483,000 per day. |
| 主题 | Industrial Organization ; International Trade and Regional Economics ; Labour Economics |
| URL | https://cepr.org/publications/dp14666 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543582 |
| 推荐引用方式 GB/T 7714 | Nicholas Buchholz,Laura Doval,Jakub Kastl,et al. DP14666 The Value of Time: Evidence From Auctioned Cab Rides. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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