APPLICATIONS OF HIGHWAY ECONOMICS

TWO POINTS OF VIEW IN HIGHWAY ECONOMICS ARE DISCUSSED: (1) THE GOVERNMENT IS AN AGENCY WHICH COLLECTS HIGHWAY FUNDS AND USES THEM FOR THE BENEFIT OF THE TAXPAYERS, THESE BENEFITS CONSTITUTING THE EARNINGS OF THE HIGHWAYS; AND (2) THE GOVERNMENT IS IN THE BUSINESS OF SELLING HIGHWAY SERVICE, AND THE EARNINGS OF THE SYSTEM ARE THE TAX PAYMENTS, COMPUTED IN A VEHICLE-MILE BASIS. THE QUESTION OF WHETHER THE RETURN ON INVESTMENT IS THE EXCESS OF BENEFITS OVER COSTS, OR THE EXCESS OF TAX PAYMENTS OVER COSTS, IS ALSO DISCUSSED. IN BOTH CASES THE FIRST VIEW IS PREFERRED. TEN FUNDAMENTALS ECONOMIC PRINCIPLES IN MAKING ECONOMIC COMPARISONS OF HIGHWAY PROJECTS AND THEIR APPLICATIONS ARE GIVEN. /AUTHOR/

  • Supplemental Notes:
    • Vol 23, pp 26-31
  • Authors:
    • Morrison, R L
  • Publication Date: 1944

Media Info

  • Monograph Title: Proceedings of the Twenty-Third Annual Meeting of the Highway Research Board Held at Edgewater Beach Hotel, Chicago, Illinois November 27-30, 1943
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00201969
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: Jul 18 1971 12:00AM