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Free Content Cost-Benefit Analysis for Transport Networks: Theory and Application

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Practical methods for estimating benefits corresponding to second-best situation are derived by modelling a congestion-prone transport network explicitly. A change in total benefit of an investment in transport infrastructure can be calculated in three ways: (a) the sum of the changes in consumers' and producers' surpluses in all routes; (b) the sum of the changes in consumers' and producers' surpluses in the invested routes, plus the change in the deadweight loss in all other routes; and (c) the change in the total benefits in the first-best case a change in the deadweight loss in all routes. Applying method (c), the author demonstrates that the final benefits of distortion-relieving policies are simply the sum of a change in the deadweight loss in all routes. Theoretical results are derived in practically useful forms, and then illustrated with examples.

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Document Type: Research Article

Publication date: May 1, 2004

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  • JTEP is international both in terms of authors and readership. Since it first appeared, more than 650 papers have been published from Europe, North America, the Pacific Rim/Australasia, Africa, Asia, and South America. This international variety is also reflected in the readership.

    Published four times a year, the journal covers all modes of transport and a wide variety of economic themes, including: Passenger Transport, Freight Transport, Shipping, Aviation, Transport Infrastructure, Environment & Energy, Traffic, Planning and Policy, Safety, Costs & Pricing, Competition, Evaluation, Productivity, Demand & Elasticities, Service Quality, Economies of Scale, Economics Regulation and Choice.

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