Value of Time Estimations in Cost Benefit Analysis: The French Experience

David Meunier () and Emile Quinet
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David Meunier: LVMT - Laboratoire Ville, Mobilité, Transport - IFSTTAR - Institut Français des Sciences et Technologies des Transports, de l'Aménagement et des Réseaux - UPEM - Université Paris-Est Marne-la-Vallée - ENPC - École nationale des ponts et chaussées
Emile Quinet: PSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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Abstract: A recent study has been commissioned by the French Government in the framework of a general review of CBA practices. Among the various outputs of this study is an update of the value of time and the related parameters such as comfort or reliability. The communication first achieves a short presentation of the above-mentioned report and the recommended VOTs. It discusses the differentiation issue and gives comparative elements with a few other national guidelines. Then, it presents the main issues of consistency between traffic modelling and surplus calculation through practical examples, and finally makes recommendations on how to deal with mandatory VOT and how to combine those mandatory values and traffic modeling results.

Keywords: value of time; cost-benefit analysis; transport projects; surplus (search for similar items in EconPapers)
Date: 2015-03
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Published in Transportation Research Procedia, 2015, Current practices in transport: appraisal methods, policies and models – 42nd European Transport Conference Selected Proceedings, 8, pp.62-71. ⟨10.1016/j.trpro.2015.06.042⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01313766

DOI: 10.1016/j.trpro.2015.06.042

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