THE NATURE AND MEASUREMENT OF HIGHWAY BENEFITS: AN ANALYTICAL FRAMEWORK

A STUDY WAS CONDUCTED TO DEVELOP A SOUND ANALYTICAL FRAMEWORK FOR THE STUDY OF NET NON-USER BENEFITS RESULTING FROM HIGHWAY IMPROVEMENTS. CHAPTER I DEFINES THE BASIC TERMS USED IN THE STUDY AND DISCUSSES THE METHODOLOGY OF MEASURING GROSS AND NET HIGHWAY BENEFITS AND DETERMINING THE DISTRIBUTION OF BENEFITS BETWEEN HIGHWAY USERS AND NON-USERS. THE STATUS OF THE EXISTING BODY OF HIGHWAY ECONOMIC IMPACT RESEARCH IS REVIEWED IN CHAPTER 11.A THEORETICAL ANALYSIS OF RESIDENTIAL LAND VALUES IS PRESENTED IN CHAPTER III. IN CHAPTER IV AN EMPIRICAL INVESTIGATION IS MADE OF THE VALUE OF TRAVEL TIME. THE LAST CHAPTER EXAMINES THE ROLE OF THE TAX SYSTEM IN MAXIMIZING HIGHWAY BENEFITS. THIS STUDY IS PRIMARILY A THEORETICAL INVESTIGATION ENCOMPASSING AN ANALYSIS OF THE GAMUT OF HIGHWAY BENEFITS GENERALLY, AND OF RESIDENTIAL LAND VALUES, VALUE OF TRAVEL TIME, AND TAX ASPECTS SPECIFICALLY. THE RESULTS OBTAINED FROM THIS ANALYSIS ARE THE FOLLOWING: (1) THE BASIC NET BENEFITS DERIVED FROM HIGHWAY INVESTMENT ARE THOSE OBTAINED THROUGH HIGHWAY USE, (2) HIGHWAY INVESTMENT CAN BE EXPECTED TO INCREASE BOTH THE PRODUCTIVE CAPACITY OF THE ECONOMY AND ITS RATE OF GROWTH, (3) BENEFITS OVER AND ABOVE THOSE DIRECTLY ASSOCIATED WITH HIGHWAY USE HAVE BEEN CLAIMED TO RESULT FROM HIGHWAY INVESTMENT, (4) DIRECT USER TAXES PROVIDE THE MOST EQUITABLE WAY OF MEETING HIGHWAY COSTS, (5) THE EXISTING BODY OF HIGHWAY IMPACT RESEARCH PROVIDES LITTLE INFORMATION ON WHICH TO BASE MEANINGFUL ESTIMATES OF THE NET BENEFITS, USER OR NON-USER, OF HIGHWAY INVESTMENT, (6) INCREASES IN LAND VALUE NEAR HIGHWAYS REFLECT THE EXISTENCE OF NET HIGHWAY BENEFITS, (7) WHETHER HIGHWAY IMPROVEMENTS WILL INCREASE OR DECREASE AGGREGATE LAND VALUES IN A COMMUNITY CANNOT BE DETERMINED ON LOGICAL GROUNDS ALONE; IT DEPENDS RATHER ON THE FACTS OF THE INDIVIDUAL CASE UNDER ANALYSIS, AND (8) UNDER CERTAIN CONDITIONS A WELL DESIGNED HIGHWAY SYSTEM WOULD YIELD MAXIMUM BENEFITS IF THE USER TAXES LEVIED WERE JUST SUFFICIENT TO PAY ITS CAPITAL AND MAINTENANCE COSTS. /VHRC/

  • Corporate Authors:

    Northwestern University, Evanston

    Transportation Center, Leverone Hall
    Evanston, IL  USA  60201
  • Authors:
    • Mohring, H G
  • Publication Date: 1960-5

Subject/Index Terms

Filing Info

  • Accession Number: 00201458
  • Record Type: Publication
  • Source Agency: Virginia Highway Research Council
  • Report/Paper Numbers: Res Rept
  • Files: TRIS
  • Created Date: Apr 20 1970 12:00AM