A CRITIQUE OF SOME RECENT ECONOMIC STUDIES COMPARING ALTERNATE HIGHWAY LOCATIONS

SOME 85 RECENT STUDIOS THAT MADE ECONOMIC COMPARISONS OF ALTERNATE HIGHWAY LOCATIONS IN 35 DIFFERENT STATES WERE EXAMINED. THE METHODS OF ANALYSIS EMPLOYED IN THESE STUDIES WERE DISCUSSED AND EVALUATED. CERTAIN GENERAL PRINCIPLES TO IMPROVE THE QUALITY OF THE STUDIOS WERE OUTLINED. CRITICISMS APPLICABLE TO CERTAIN STUDIOS WERE ILLUSTRATED AND DISCUSSED SUCH AS (1) FAILURE TO DEFINE CLEARLY THE ALTERNATIVES THAT SHOULD HAVE BEEN COMPARED, (2) INTEREST RATES USED FREQUENTLY WERE TOO LOW, (3) PROSPECTIVE BENEFITS TO HIGHWAY USERES OFTEN WERE GREATLY OVERSTATED BECAUSE OF THE FAILURE TO APPLY A TIME-DISCOUNT FACTOR TO BENEFITS IN THE MORE DISTANT FUTURE, (4) CONCLUSIONS WERE EXTREMELY SENSITIVE TO THE LENGTH OF THE ASSUMED STUDY PERIOD AND TO THE ASSUMED RATE OF GROWTH OF HIGHWAY TRAFFIC, AND (5) SOME STUDIES WERE MADE AS IF THE ONLY CONSEQUENCES OF A CHOICE BETWEEN LOCATIONS WERE CONSEQUENCES TO HIGHWAY USERS.

  • Supplemental Notes:
    • Vol 39, pp 1-8
  • Authors:
    • Grant, E L
    • Oglesby, C H
  • Publication Date: 1960

Media Info

  • Monograph Title: Proceedings of the Thirty-Ninth Annual Meeting of the Highway Research Board, Washington, D.C., January 11-15, 1960
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00201138
  • Record Type: Publication
  • Source Agency: Stanford University
  • Report/Paper Numbers: HS-002 276
  • Files: TRIS, TRB
  • Created Date: Dec 28 1970 12:00AM