Accounting for peak shifting in traditional cost-benefit analysis
Hal Snarr () and
MPRA Paper from University Library of Munich, Germany
When cost-benefit analysis fails to account for peak-shifting the benefits of road improvement options are miscalculated. Using theory from transportation economics, we derive a simple model that disaggregates the average daily equilibrium into peak, counter-peak, and off-peak equilibria. This paper demonstrates how accounting for peak-shifting improves the performance of cost-benefit analysis.
Keywords: Transportation Demand; Transportation Supply; Congestion; Cost/Benefit Analysis; Planning Policy (search for similar items in EconPapers)
JEL-codes: D61 R41 O21 (search for similar items in EconPapers)
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Published in The Journal of Economic Development and Business Policy 1.1(2007): pp. 1-23
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:37060
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