Perception of inconvenience costs: Evidence from seven ferry services in Norway

María Díez-Gutiérrez and Trude Tørset

Transport Policy, 2019, vol. 77, issue C, 58-67

Abstract: Transport projects are assessed mainly by cost-benefit analysis (CBA). Despite its wide use, this method has some weaknesses, such as using simulated traffic volumes as an input. These traffic volumes for future projects are estimated according to user travel patterns based on the new generalised costs (GC), which include travel time, distance, and direct costs. Nevertheless, many large transport projects dramatically change accessibility; thus, other factors could play important roles in the process. Notably, ferry replacement projects reduce travel times, eliminate waiting times, and provide a reliable and flexible connection 24/7. Some of these changes, known as inconvenience costs (IC), are not included in the GC.

Keywords: Ferry; Fixed link; Inconvenience costs; Partial proportional odds model (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1016/j.tranpol.2019.03.002

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