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Is CBA ranking of transport investments robust?
KTH.
2014 (English)In: Journal of Transport Economics and Policy, ISSN 0022-5258, E-ISSN 1754-5951, Vol. 48, no 2, p. 189-204Article in journal (Refereed) Published
Abstract [en]

Cost-benefit analyses (CBA) are often questioned on the grounds that results depend crucially on uncertain assumptions about the future, and on ethically or methodologically contestable trade-offs between different types of benefits. This paper explores the robustness of CBA rankings of transport investments with respect to two types of uncertainties: relative benefit valuations and scenario assumptions related to car ownership, car characteristics and driving costs. The impact of differentiating the value of time with respect to travel mode and purpose is also studied. The study concludes that CBA rankings are robust to all of the studied variations.

Place, publisher, year, edition, pages
2014. Vol. 48, no 2, p. 189-204
Keywords [en]
Cost benefit analysis, Transport infrastructure, Investment, Estimation, Vehicle ownership, Journey time, Transport mode
National Category
Transport Systems and Logistics
Research subject
00 Road: General works, surveys, comprehensive works, 02 Road: Economics
Identifiers
URN: urn:nbn:se:vti:diva-12357ISI: 000339931500001Scopus ID: 2-s2.0-84899423104OAI: oai:DiVA.org:vti-12357DiVA, id: diva2:1139070
Available from: 2017-09-06 Created: 2017-09-06 Last updated: 2017-09-28Bibliographically approved

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Scopushttp://www.ingentaconnect.com/content/lse/jtep/2014/00000048/00000002/art00001

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Börjesson, Maria

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