Cost-benefit analysis of transport projects: Theoretical framework and practical rules

Rus, Ginés de; Socorro, María del; Valido, Jorge; Campos, Javier

doi:10.1016/j.tranpol.2022.04.008

Cited by 13 publications

(12 citation statements)

References 10 publications

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“…CBA is a systematic and quantitative method to evaluate transport projects. It attempts to quantify “the change in the well-being of the individuals living in the society, and this involves calculating, in monetary terms, the magnitude of the potential […] gains compared with the opportunity costs of the resources.” Its theorical background is comprehensively covered ( 13 , 19–21 ). Several criticisms and works have emerged over the last decades ( 22 – 24 ), which have led to the incorporation of topics such as equity in the process.…”

Section: Methodsmentioning

confidence: 99%

“…gains compared with the opportunity costs of the resources.'' Its theorical background is comprehensively covered (13,(19)(20)(21). Several criticisms and works have emerged over the last decades (22)(23)(24), which have led to the incorporation of topics such as equity in the process.…”

Section: Cost-benefit Analysismentioning

confidence: 99%

“…The three categories originated from the research of de Rus et al, which identifies five categories of economic agent: consumer, producer, worker, taxpayer, and externalities or ''rest of the world'' (13). Our conceptual framework does not include the workers or the taxpayers, however, these may be welcome additions to further works.…”

Section: Cost-benefit Analysismentioning

confidence: 99%

“…This type of simulation model is favored by the academic community wanting to work in conjunction with on-demand services ( 5 ); this article focuses on on-demand AV services (i.e., demand responsive transport [DRT]). Economic assessment benefits from a well-established methodology encompassing CBA ( 13 – 15 )—adopted in many countries as the reference method to evaluate projects ( 15 , p. 27). This article contributes to the existing literature with methodological and empirical contributions.…”

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confidence: 99%

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On-Demand Autonomous Vehicles in Berlin: A Cost–Benefit Analysis

Carreyre,

Chouaki,

Coulombel

et al. 2023

Transportation Research Record: Journal of the Transportation R

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The technological development of autonomous vehicles (AVs) challenges their economic relevancy. Are AVs worth it? We adapted the cost–benefit analysis framework to the case of AV services. The appraisal methodology was applied to the introduction of an on-demand AV service in Berlin, simulated through MATSim, an agent-based model. The introduction of AVs in a dense urban environment would generate more pressure on the road network. This would cause private car users to experience longer travel times, resulting in a consumer surplus loss that would not offset the new AV users’ benefits. In one configuration, a stop-based routing service appeared to generate fewer externalities (e.g., congestion, emissions, accidents) and would be cheaper to operate than door-to-door routing. Another configuration assumed that private cars were banned. In that case, the consumer surplus significantly decreased, AV services were not able to absorb the entire demand, and the shares of other modes increased. However, the externalities were significantly reduced. Finally, in an urban environment where on-demand AVs were added to the available modes, the social impact was negative for all economic agents, with heterogeneity apparent on the impacts of the different externalities. This would benefit some travelers but would also involve additional congestion. In that case, a stop-based routing seemed preferable (but still negative) to a door-to-door one. Further works discussing the introduction of AVs into an urban environment should focus on line-based options such as automated bus services.

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Section: Methodsmentioning

confidence: 99%

Section: Cost-benefit Analysismentioning

confidence: 99%

Section: Cost-benefit Analysismentioning

confidence: 99%

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confidence: 99%

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On-Demand Autonomous Vehicles in Berlin: A Cost–Benefit Analysis

Carreyre,

Chouaki,

Coulombel

et al. 2023

Transportation Research Record: Journal of the Transportation R

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“… 5 Also in the context of the spending review, the appendix of de Rus et al (2020) theoretically proves the undesirable effects found (e.g., the cost of an increase in tickets for non-residents, mainly because of the subsidy increase or the higher percentage of residents the higher the increase). Moreover, they recommend a route criterion to allocate the amount of the specific subsidy (considering and revising periodically the characteristics of each period and market conditions).…”

mentioning

confidence: 99%

How Can Residents’ Air Transport Subsidies Affect Outbound Tourism behavior on Islands? Evidence from Spain

Jiménez

Pérez-Granja

Valido

2022

Journal of Travel Research

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Subsidizing residents on airlines is a common policy in a number of countries. However, the question arises as to how changes in this policy affect the travel behavior of residents in specific regions? To address this, we analyze the effect of an “exogenous shock” (i.e., an increase in the resident subsidy) on two Spanish archipelagos when they travel away from the islands. Our Difference-in-Difference and matching estimations find that the causal impact of the policy change is different for resident passengers across the two regions affected. Although the length of stay was reduced for resident passengers in both archipelagos by 10%–15% after the shock, their expenditure at destination per day increased by 13% on the Balearic Islands, while showing no significant change on the Canary Islands. J.E.L. Codes: L83; H25; L93

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