| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27087 |
| 来源ID | Working Paper 27087 |
| The Value of Time: Evidence From Auctioned Cab Rides | |
| Nicholas Buchholz; Laura Doval; Jakub Kastl; Filip Matějka; Tobias Salz | |
| 发表日期 | 2020-05-04 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We recover valuations of time using detailed data from a large ride-hail platform, where drivers bid on trips and consumers choose between a set of rides with different prices and waiting times. We estimate demand as a function of prices and waiting times and find that price elasticities are substantially 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. We find that the value of time during non-work hours is 16% lower than during work hours. Most of the heterogeneity in the value of time, however, is explained by individual differences. We apply our estimates to study optimal time incentives in highway procurement. Standard industry practices, which set incentives based on a uniform value of time, lead to mis-priced time costs by up to ninety percent. |
| 主题 | Industrial Organization |
| URL | https://www.nber.org/papers/w27087 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584760 |
| 推荐引用方式 GB/T 7714 | Nicholas Buchholz,Laura Doval,Jakub Kastl,et al. The Value of Time: Evidence From Auctioned Cab Rides. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27087.pdf（727KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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