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The value of time and external benefits in bicycle appraisal
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS.ORCID iD: 0000-0001-9235-0232
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS.ORCID iD: 0000-0003-1789-9238
2012 (English)In: Transportation Research Part A: Policy and Practice, ISSN 0965-8564, E-ISSN 1879-2375, Vol. 46, no 4, 673-683 p.Article in journal (Refereed) Published
Abstract [en]

We estimate the value of time savings, different cycling environments and additional benefits in cost-benefit analysis of cycling investments. Cyclists' value of travel time savings turns out to be high, considerably higher than the value of time savings on alternative modes. Cyclists also value other improvements highly, such as separated bicycle lanes. As to additional benefits of cycling improvements in the form of health and reduced car traffic, our results do not support the notion that these will be a significant part in a cost-benefit analysis. Bicyclists seem to take health largely into account when making their travel choices, implying that it would be double-counting to add total health benefits to the analysis once the consumer surplus has been correctly calculated. As to reductions in car traffic, our results indicate that the cross-elasticity between car and cycle is low, and hence benefits from traffic reductions will be small. However, the valuations of improved cycling speeds and comfort are so high that it seems likely that improvements for cyclists are cost-effective compared to many other types of investments, without having to invoke second-order, indirect effects. In other words, our results suggest that bicycle should be viewed as a competitive mode of travel and not primarily as a means to achieve improved health or reduced car traffic.

Place, publisher, year, edition, pages
2012. Vol. 46, no 4, 673-683 p.
Keyword [en]
Value of time, Bicycle, Cost-benefit analysis, Appraisal, Additional benefits, Health effects
National Category
Transport Systems and Logistics
Identifiers
URN: urn:nbn:se:kth:diva-77220DOI: 10.1016/j.tra.2012.01.006ISI: 000302826700004Scopus ID: 2-s2.0-84856570029OAI: oai:DiVA.org:kth-77220DiVA: diva2:491444
Note
QC 20120525Available from: 2012-02-06 Created: 2012-02-06 Last updated: 2017-12-08Bibliographically approved

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Börjesson, MariaEliasson, Jonas

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  • apa
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