FULL COST ACCOUNTING FOR TRANSPORTATION DECISION MAKING: ESTIMATES, IMPLICATIONS AND APPLICATIONS

This paper describes the application of full cost accounting to transport decision making. It summarizes the results of software which models the full costs of passenger travel. Twenty transportation costs are identified, and cost estimates developed for eleven modes under three travel conditions based on published estimates and methods from various disciplines. Costs are categorized according to how they are distributed (internal or external), whether they are fixed or variable, and market or non-market. The results indicate that transportation in general, and private motor vehicle use in particular, is significantly underpriced. The majority of costs for private motor vehicle use are either fixed or external. The implications of this underpricing on economic efficiency, equity, and environmental impacts are discussed.

Language

  • English

Media Info

  • Features: Figures; References; Tables;
  • Pagination: p. 608-622

Subject/Index Terms

Filing Info

  • Accession Number: 00766572
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jul 20 1999 12:00AM