The distribution of commuters price of travel time

Mentor: Professor Nilss Olekalns, The University of Melbourne
Intern: Dr Donatella Cavagnoli
Industry Partner: Mr Ed McGeehan, VicRoads
Project Duration: June to October 2009

This project will apply recent advances in econometrics to better estimate transport demand functions currently used to model the value of travel time for differing groups of travelers. Improved estimates will assist to enhance the evaluation of infrastructure proposals and provide more accurate estimates of the economic costs of traffic congestion.