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Allocation of investment to inter-urban road and rail
Starkie D. N. M. (1979) Allocation of investment to inter-urban road and rail, Reg. Studies 13, 323–336. Returns on marginal projects influence the allocation of resources in the U.K. between trunk roads and inter-city rail. However, the basis of these returns is not consistent and their use is unlikely to result in an efficient allocation. A review of pricing policies for the two trunk modes suggests both a similarity of basic structure and an opportunity for extending in general terms the allocation principles of rail to the comparable road sector. Broad calculations are derived comparing avoidable costs and revenues for inter-urban road and rail in 1975. Changes in public expenditure patterns since the mid-70s indicate an efficient allocation might be achieved by the turn of the decade.
Allocation of investment to inter-urban road and rail
Starkie D. N. M. (1979) Allocation of investment to inter-urban road and rail, Reg. Studies 13, 323–336. Returns on marginal projects influence the allocation of resources in the U.K. between trunk roads and inter-city rail. However, the basis of these returns is not consistent and their use is unlikely to result in an efficient allocation. A review of pricing policies for the two trunk modes suggests both a similarity of basic structure and an opportunity for extending in general terms the allocation principles of rail to the comparable road sector. Broad calculations are derived comparing avoidable costs and revenues for inter-urban road and rail in 1975. Changes in public expenditure patterns since the mid-70s indicate an efficient allocation might be achieved by the turn of the decade.
Allocation of investment to inter-urban road and rail
Starkie, D.N.M. (author)
Regional Studies ; 13 ; 323-336
1979-06-01
14 pages
Article (Journal)
Electronic Resource
Unknown
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