TRANSPORT AND LAND-USE BENEFITS UNDER LOCATION EXTERNALITIES

Transport projects are economically assessed partly by estimating users' benefits in the transport system and by ignoring impacts on land use under the argument that these benefits are already incorporated into tranport users' benefits. In this paper the authors discuss this argument from two main viewpoints: the level of percolation of transport benefits into land values and the presence of external economies in urban systems. They first propose and discuss measures of benefits in the transport system and in the land-use system. Then they analyse to what extent transport users' benefits percolate into land rents, showing empirical evidence that it may be limited. They then focus on the less-studied effect of three types of technological externalities: direct effects associated with traffic nuisance; location externalities, associated with economies of agglomeration of households and firms, which in some cities may be a dominant location choice factor; and land-use - transport interaction. The authors conclude by specifying in more detail the conditions under which the classical argument and current project appraisal methods are valid. (A)

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/0308518X
• Corporate Authors:

  Pion Limited

  207 Brondesburg Park
  London NW2 5JN,   England 
• Authors:
  • Martinez, F
  • ARAYA, C
• Publication Date: 2000-9

Language

• English

Media Info

• Features: References;
• Pagination: p. 1611-24
• Serial:
  • Environment and Planning A
  • Volume: 32
  • Issue Number: 9
  • Publisher: Pion Limited
  • ISSN: 0308-518X
  • EISSN: 1472-3409
  • Serial URL: http://www.envplan.com/A.html

Subject/Index Terms

• TRT Terms: Costs; Economics; Land use; Noise; Planning; Traffic; Urban areas
• ITRD Terms: 224: Cost; 255: Economics; 356: Land use; 2492: Noise; 143: Planning; 755: Traffic; 313: Urban area
• Subject Areas: Economics; Environment; Finance; Operations and Traffic Management; Planning and Forecasting;

Filing Info

• Accession Number: 00799820
• Record Type: Publication
• Source Agency: Transport Research Laboratory
• Files: ITRD, ATRI
• Created Date: Oct 6 2000 12:00AM