The welfare effects of freight travel time savings

massiani, jerome (2008): The welfare effects of freight travel time savings.

Abstract

In this article we investigate the welfare effect of freight travel time savings. The general setup of this article is to suppose that transport operators face a constraint on minimum travel time and to examine what is occurring when this minimum travel time is changed. We briefly examine the current assessment methods and propose a less restrictive approach, in which we analyse how different economic agents trade off between the duration and cost of the different operations that are used in production and transport activities. We analyse how the change in the minimum travel time affects the different economic agents and investigate how these changes should be valued in cost benefit analysis.

• Item Type: MPRA Paper
• Language: English
• Keywords: freight value of time; cost benefit analysis
• Subjects: L - Industrial Organization > L9 - Industry Studies: Transportation and Utilities > L91 - Transportation: General; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R4 - Transportation Economics > R41 - Transportation: Demand, Supply, and Congestion ; Travel Time ; Safety and Accidents ; Transportation Noise

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