00201112

Component

http://onlinepubs.trb.org...ubs/hrr/1965/75/75-004.pdf

A GENERAL CLASSIFICATION OF THE ANALYSES FOR MEASURING THE ACTUAL IMPACT OR FOR ESTIMATING THE POTENTIAL EFFECT OF HIGHWAY IMPROVEMENT SHOWS THAT HIGHWAY LOCATION IS TRICHOTOMOUS. FIRST, THE TRADITIONALLY APPLIED ANALYSIS IS THE ENGINEERING ECONOMY METHOD BASED ON TOTAL PRIMARY USER BENEFITS AND COSTS. SECOND, WELFARE ECONOMISTS CONTEND THAT MAXIMUM SOCIAL EFFICIENCY IN RESOURCE ALLOCATION REQUIRES MEASUREMENT OF THE TOTAL SECONDARY OR TERTIARY COLLATERAL BENEFITS AND COSTS. THE CONCLUSION OF AN EARLIER STUDY WAS THAT THE COLLATERAL EFFECT METHOD DOES HAVE CERTAIN ADVANTAGES OVER THE TRADITIONAL ENGINEERING ECONOMY ANALYSIS . THE THIRD CATEGORY IS MARGINAL ANALYSIS BASED ON THE EQUALITY OF MARGINAL USER BENEFITS AND COSTS AS THE MEASURE OF EFFICIENCY IN THE USE OF RESOURCES IN HIGHWAY INVESTMENT. ECONOMISTS WHO ADVOCATE THIS LAST METHOD HAVE EXPRESSED DOUBT AS TO THE CONCEPTUAL AND OPERATIONAL RELEVANCE OF THE USE OF TOTAL VALUES IN THIS DECISION PROCESS. THE PAPER REVIEWS HIGHWAY LOCATION METHODOLOGY IN GENERAL, AND DISCUSSES COLLATERAL EFFECT ANALYSIS IN VIEW OF THE CRITICISMS OF THE MARGINAL THEORISTS IN PARTICULAR.

Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.

01410035

pp 53-61

1965

Highway Research Record

Digital/other

Analysis; Benefits; Classification; Costs; Economic analysis; Economic impacts; Engineering economy; Highways; Improvements; Location; Marginal costs; Measurement; Methodology; User benefits; User charges

Highway location

Economics; Finance; Highways; Society

TRIS, TRB

Dec 12 1994 12:00AM

• ECONOMIC IMPACT OF SELECTED SECTIONS OF INTERSTATE ROUTES ON LAND VALUE AND USE
• FIVE YEARS OF HIGHWAY RESEARCH' A SOCIOLOGICAL PERSPECTIVE
• HIGHWAYS AS A FACTOR IN INDUSTRIAL LOCATION
• INFORMAL NOTES ON SOCIOLOGICAL EFFECTS OF HIGHWAYS
• INTERCHANGE PROTECTION AND COMMUNITY STRUCTURE
• SEMINAR ON SOCIOLOGICAL EFFECTS OF HIGHWAY TRANSPORTATION: INTRODUCTORY REMARKS
• SOCIAL IMPACT OF A HIGHWAY ON AN URBAN COMMUNITY
• SOCIO-ECONOMIC CHANGE IN VICINITY OF CAPITAL BELTWAY IN VIRGINIA
• WHO MAKES THE TRIPS? NOTES ON AN EXPLORATORY INVESTIGATION OF ONE-WORKER HOUSEHOLDS IN CHATTANOOGA