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A New Role for Cost-Benefit Analysis in Transportation Infrastructure Investment

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Encouraging greater reliance on cost-benefit analysis (CBA) as the organising framework for facilitating discursive democratic procedures is an area in which governments can reinvigorate their role in the development of transportation infrastructure and physical infrastructure in general. Examining the microeconomic foundations of the traditional CBA framework, we find them too narrow to support the promise of CBA as a useful tool to help arrive at evidentiary consensus, and, potentially, community consensus, on major transportation infrastructure projects. CBA requires an integration of advances in welfare economics, probability, discourse theory, and capability analysis. Potential implications for government infrastructure policies are explored.
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Document Type: Research Article

Publication date: April 1, 2018

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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.

    A complete indexing and article service is available FREE from 1967 to 2000

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