Accounting for peak shifting in traditional cost-benefit analysis

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.

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Year of publication:	2007-09-01
Authors:	Snarr, Hal W. ; Axelsen, Dan
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Transportation Demand \| Transportation Supply \| Congestion \| Cost/Benefit Analysis \| Planning Policy

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Notes:	Published in The Journal of Economic Development and Business Policy 1.1(2007): pp. 1-23
Classification:	D61 - Allocative Efficiency; Cost-Benefit Analysis ; R41 - Transportation: Demand; Supply; Congestion; Safety and Accidents ; O21 - Planning Models; Planning Policy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009652045