Is CBA Ranking of Transport Investments Robust?
Jonas Eliasson () and
Journal of Transport Economics and Policy, 2014, vol. 48, issue 2, 189-204
Cost-benefit analyses (CBA) are often questioned on the grounds that results depend crucially on uncertain assumptions about the future, and on ethically or methodologically contestable trade-offs between different types of benefits. This paper explores the robustness of CBA rankings of transport investments with respect to two types of uncertainties: relative benefit valuations and scenario assumptions related to car ownership, car characteristics and driving costs. The impact of differentiating the value of time with respect to travel mode and purpose is also studied. The study concludes that CBA rankings are robust to all of the studied variations. © 2014 LSE and the University of Bath
References: Add references at CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed
Downloads: (external link)
http://www.catchword.com/cgi-bin/cgi?ini=bc&body=l ... 0140501)48:2L.189;1- (text/html)
Access to full text is restricted to subscribers.
Working Paper: Is CBA ranking of transport investments robust? (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:tpe:jtecpo:v:48:y:2014:i:2:p:189-204
Access Statistics for this article
Journal of Transport Economics and Policy is currently edited by B T Bayliss, S A Morrison, A Smith and D Graham
More articles in Journal of Transport Economics and Policy from University of Bath
Bibliographic data for series maintained by Christopher F. Baum ().