Download Free A Survey Of The Theories And Empirical Investigations Of The Value Of Travel Time Savings Book in PDF and EPUB Free Download. You can read online A Survey Of The Theories And Empirical Investigations Of The Value Of Travel Time Savings and write the review.

Resume på norsk.
The value of travel time savings (VTTS) is a major component of almost all economic evaluation of transport infrastructure investments. Its importance for transport project evaluation has been recognized explicitly at least since 1950 and numerous empirical studies have been conducted since the early 1960s, i.e., since the first application of social benefit cost analysis (SBCA) to evaluating public investments in transport infrastructure. Typically, the value of time savings constitutes the majority of economic benefits from transport projects. This paper reports on a survey of empirical studies of VTTS, including drawing on the findings of other recent reviews of this literature. Over 35 empirical studies were reviewed, and these were supplemented from reviews by other authors. The present paper reports only on the values for non-work travel time, primarily the value for commuting time. There are many issues in valuing travel time savings. This paper limits comment to one of the on-going issues in valuing travel time : the links between VTTS and levels of income. For the covering abstract of this conference, see IRRD number 853879.
This companion volume to Economic Instruments for Environmental Management presents essential information on the applications of economic valuation to environment and development. It draws on a three-year collaborative effort by research institutions around the world. Authoritative studies review the range of valuation methods used in developing economies, their purposes, the problems encountered and the quality of the results. Topics covered include the value of wildlife viewing, the conservation of rainforests, mangroves and coral reefs, supplying rural water, and controlling urban air pollution. The analysis reveals important methodological and contextual factors, highlighting key lessons and ways of strengthening future valuations. Written to be accessible to non-economists, the book provides source material for students and academics, and for policy-makers and professionals, using valuation methods to frame policy.