AN APPROACH TO THE ECONOMIC EVALUATION OF URBAN TRANSPORTATION INVESTMENTS

A CONCEPTUAL FRAMEWORK FOR THE ECONOMIC EVALUATION OF URBAN TRANSPORTATION INVESTMENTS IS PRESENTED. IT IS SUGGESTED THAT URBAN TRANSPORTATION PLANNERS MUST BE CONCERNED WITH BOTH THE ECONOMIC EFFICIENCY AND THE DISTRIBUTIONAL EFFICIENCY OF INVESTMENT ALTERNATIVES. THE ECONOMIC EFFICIENCY CHARACTERISTICS OF TRANSPORT INVESTMENTS ARE DEVELOPED IN TERMS OF DEMAND CURVES FOR ACCESSIBILITY AND FOR ENVIRONMENTAL QUALITY. SEVERAL MEASURES OF ACCESSIBILITY ARE REIVEWED AND IT IS SUGGESTED THAT A COMMUNITY DEMAND SCHEDULE FOR ACCESSIBILITY MAY BE DERIVED FROM MODELS OF THE URBAN LAND MARKET. IT IS SUGGESTED THAT DEMAND SCHEDULES FOR ENVIRONMENTAL QUALITY WILL HAVE TO BE DERIVED FROM REGRESSION ANALYSES OF URBAN PROPERTY PRICES. IT IS DEMONSTRATED HOW THE ECONOMIC EFFICIENCY CRITERION MAY BE MODIFIED TO REFLECT DISTRIBUTIONAL EFFICIENCY REQUIREMENTS. AN APPROACH IS PRESENTED THAT IS DEVELOPED IN TERMS OF THE ACCESSIBILITY GAINS TO CAR OWNERS AND NON-CAR OWNERS. /AUTHOR/

Media Info

  • Media Type: Print
  • Features: Figures; References; Tables;
  • Pagination: pp 72-86
  • Monograph Title: Costs and benefits of transportation planning
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00201931
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: Nov 9 1970 12:00AM