TRUNK ROAD INVESTMENT, ENVIRONMENTAL COSTS AND BUREAUCRACY

This paper provides evidence of wide divergences between forecast and out-turn traffic flow, this being a principal cause of erroneous investment decisions in the road building programme of the UK. Such decisions are in part argued to be the consequences of allocative and X-inefficiencies leading to substantial environmental costs. The motivations of those responsible for the investment decisions are considered within a public choice perspective and a set of incentive-based rules is presented which seeks to help modify their behaviour. (A)

Language

  • English

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Filing Info

  • Accession Number: 00729859
  • Record Type: Publication
  • Source Agency: Transport Research Laboratory
  • Files: ITRD
  • Created Date: Dec 26 1996 12:00AM