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Is time money? Philosophical perspectives on the monetary valuation of travel time

Time: Wed 2020-09-09 10.00

Location: https://kth-se.zoom.us/j/6453508937, Du som saknar dator/datorvana kan kontakta cantwell@abe.kth.se för information, Stockholm (English)

Subject area: Philosophy

Doctoral student: Maria Nordström , Filosofi

Opponent: Professor Erik Angner, Stockholms Universitet

Supervisor: Docent Karin Edvardsson Björnberg, Filosofi

Abstract

This licentiate thesis consists of an introduction (‘kappa’) and three papers discussing various aspects of time as a commodity and the practice of valuing travel time.

The first paper is an analysis of the properties of time as an economic resource taking into account literature on behavior with regard to time. The intent is to provide better understanding of the underlying assumption of transferability between time and money in the context of transportation.

The second paper builds on the analysis in the first paper combined with the findings of a study of commuters travel experiences during disruptions in the train traffic on the Øresund strait between Sweden and Denmark. It contrasts the theoretical account of value of travel time with the experiences reported by commuters and argues that the view of travel time as strictly a disutility can be limiting from a planning perspective. Instead, it is argued that an alternative approach can be to make travel time ‘plannable’, meaning viewing travel time as time travellers can plan to spend in a certain way at a certain time.

The third paper argues that the diversity of possible mobility solutions based on self-driving vehicles has been somewhat overlooked in the current literature on value of travel time. Thus, the complexity of valuing travel time for self-driving vehicles has not been fully addressed. The paper consists of a morphological analysis of the parameters that might impact value of travel time for self-driving vehicles and a deeper analysis of five plausible self-driving vehicle mobility concepts. It is claimed that not all such concepts can be easily mapped into transport modes and that it might be more appropriate to differentiate value of travel based on travel characteristics.

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Last changed: Sep 02, 2020