TRANSPORT POLICY APPRAISAL WITH EQUILIBRIUM MODELS I: GENERATED TRAFFIC AND HIGHWAY INVESTMENT BENEFITS

The authors investigate within an equilibrium framework the magnitude and composition of benefits arising from the various responses of travellers and operators to transport investments. In particular, they determine both analytically in simplified models and numerically in network representations, the extent to which the benefits to generated traffic may be more than off-set by the additional congestion inflicted on other road users. In this paper the authors adopt a uni-modal network model to appraise a variety of highway schemes and explore the sensitivity of user benefits to: the demand model specification; the inherent elasticity parameters; the level of congestion in a reference network; and the policies selected. The implications of the results for the methods of investment appraisal in urban and nonurban contexts are considered.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/01912615
• Corporate Authors:

  Pergamon Press, Incorporated

  Headington Hill Hall
  Oxford OX30BW,    
• Authors:
  • Williams, HCWL
  • Lam, W M
• Publication Date: 1991-10

Media Info

• Features: Appendices; Figures; References; Tables;
• Pagination: p. 253-279
• Serial:
  • Transportation Research Part B: Methodological
  • Volume: 25B
  • Issue Number: 5
  • Publisher: Elsevier
  • ISSN: 0191-2615
  • Serial URL: http://www.sciencedirect.com/science/journal/01912615

Subject/Index Terms

• TRT Terms: Appraisals; Equilibrium (Mechanics); Highways; Location; Mathematical models; Network analysis (Planning); Suburbs; Traffic congestion; Transportation corridors; Transportation policy; Trip generation; Urban growth
• Uncontrolled Terms: Highway location; Models
• Old TRIS Terms: Appraising; Urban corridors
• Subject Areas: Finance; Highways; Planning and Forecasting; Policy; Society; Terminals and Facilities; I10: Economics and Administration;

Filing Info

• Accession Number: 00616687
• Record Type: Publication
• Files: TRIS, ATRI
• Created Date: Nov 30 1991 12:00AM