Freight Service Valuation and Elasticities
2013 (English)In: Modelling Freight Transport, Elsevier, 2013, 201-227 p.Chapter in book (Refereed)
In many countries, plans for transport infrastructure projects and transport policy measures are evaluated ex ante using cost-benefit analysis. This requires a conversion of benefits and disbenefits that by their nature are not in money units into money. Important examples are the transport time benefits and transport time variability benefits. A secondary practical reason to undertake freight service valuation studies is that some components of freight transport models need a conversion factor from outside the model, because it is not possible, inefficient or inconsistent (with regards to other components) to estimate the conversion factor within the model component itself. In this chapter we will discuss the methods that can be used to derive such values and we provide an overview of outcomes.The main use of elasticities is in high-level models, to get a first impression of the likely impacts of some policy measure. In this chapter, we will review the outcomes of the elasticity literature, distinguishing transport cost and time elasticities.
Place, publisher, year, edition, pages
Elsevier, 2013. 201-227 p.
Elasticities, Value of reliability, Value of time, Value of transport time, Value of transport time savings, Value of transport time variability
Transport Systems and Logistics
IdentifiersURN: urn:nbn:se:kth:diva-150849DOI: 10.1016/B978-0-12-410400-6.00009-4ScopusID: 2-s2.0-84903925042ISBN: 978-012410400-6OAI: oai:DiVA.org:kth-150849DiVA: diva2:745982
QC 201409112014-09-112014-09-112014-09-11Bibliographically approved