A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
The idea that the main benefit of improvements to transport infrastructure is the saving of travel time has been central to transport economic analysis. There is, however, little empirical evidence to support this proposition. Indeed, in the long run average travel time is conserved, implying that travellers take the benefit of improvements in the form of additional access to more distant destinations made possible by higher speeds. Such a perspective, based on considerations of the value of access, has implications for economic appraisal, modelling and policy.
The idea that the main benefit of improvements to transport infrastructure is the saving of travel time has been central to transport economic analysis. There is, however, little empirical evidence to support this proposition. Indeed, in the long run average travel time is conserved, implying that travellers take the benefit of improvements in the form of additional access to more distant destinations made possible by higher speeds. Such a perspective, based on considerations of the value of access, has implications for economic appraisal, modelling and policy.
The Myth of Travel Time Saving
Metz, David (author)
Transport Reviews ; 28 ; 321-336
2008-05-01
16 pages
Article (Journal)
Electronic Resource
Unknown
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