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Is CBA ranking of transport investments robust?
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
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS.
2014 (English)In: Journal of Transport Economics and Policy, ISSN 0022-5258, E-ISSN 1754-5951, Vol. 48, no 2, 189-204 p.Article in journal (Refereed) Published
Abstract [en]

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.

Place, publisher, year, edition, pages
2014. Vol. 48, no 2, 189-204 p.
Keyword [en]
cost-benefit analysis, investment, ranking, transportation economics, valuation
National Category
Transport Systems and Logistics
Identifiers
URN: urn:nbn:se:kth:diva-116032ISI: 000339931500001Scopus ID: 2-s2.0-84899423104OAI: oai:DiVA.org:kth-116032DiVA: diva2:588614
Note

TSC import 2165 2013-01-15. QC 20140914

Available from: 2013-01-15 Created: 2013-01-15 Last updated: 2017-12-06Bibliographically approved

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Börjesson, MariaEliasson, Jonas

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