The value of slow travel: Economic appraisal of cycling projects using the logsum measure of consumer surplus

Christopher Standen, Stephen Greaves, Andrew Collins, Melanie Crane and Chris Rissel

Transportation Research Part A: Policy and Practice, 2019, vol. 123, issue C, 255-268

Abstract: Walking and cycling have clear benefits for users, even though they may be slower than other transport modes. However, these user benefits could be undervalued using traditional economic appraisal, in which speed increases or travel time savings are highly valued. This paper explores the use of the logsum measure of consumer surplus for valuing the user benefits of new active transport infrastructure, using new separated cycleways in Sydney (Australia) as a case study. The results suggest the value of user benefits can be significant – of a similar order of magnitude to the estimated value of the public health benefits – and it becomes more pronounced as cycleways are integrated into a connected network. The method could be used to inform transportation investment policy decisions in other jurisdictions, where suitable travel survey data are available.

Keywords: Economic appraisal; Bicycle; Infrastructure; Logsum; Consumer surplus; Discrete choice analysis (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0965856417314556
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:transa:v:123:y:2019:i:c:p:255-268

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

DOI: 10.1016/j.tra.2018.10.015

Access Statistics for this article

Transportation Research Part A: Policy and Practice is currently edited by John (J.M.) Rose

More articles in Transportation Research Part A: Policy and Practice from Elsevier
Bibliographic data for series maintained by Catherine Liu ().