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Risk and irreversibility of transport interventions

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  • Ramjerdi, Farideh
  • Fearnley, Nils

Abstract

Infrastructure decisions and transport policies are often based on the notion that all decisions are made at one single point in time, based on full information and an accurate evaluation of the benefits and costs of different alternatives. The reality is very much different, especially in the transport sector, due to the complex and dynamic nature of the transport system and the interplay between the many sub-systems that comprise it. Inherent in such complexities are elements of uncertainty, risk, irreversibility, path dependency and lock-in effects.

Suggested Citation

  • Ramjerdi, Farideh & Fearnley, Nils, 2014. "Risk and irreversibility of transport interventions," Transportation Research Part A: Policy and Practice, Elsevier, vol. 60(C), pages 31-39.
    • Handle: RePEc:eee:transa:v:60:y:2014:i:c:p:31-39
    DOI: 10.1016/j.tra.2013.10.014
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    1. Hoffmann, Sebastian & Weyer, Johannes & Longen, Jessica, 2017. "Discontinuation of the automobility regime? An integrated approach to multi-level governance," Transportation Research Part A: Policy and Practice, Elsevier, vol. 103(C), pages 391-408.
    2. Hopkins, Michael M. & Crane, Philippa & Nightingale, Paul & Baden-Fuller, Charles, 2019. "Moving from non-interventionism to industrial strategy: The roles of tentative and definitive governance in support of the UK biotech sector," Research Policy, Elsevier, vol. 48(5), pages 1113-1127.
    3. Justen, Andreas & Schippl, Jens & Lenz, Barbara & Fleischer, Torsten, 2014. "Assessment of policies and detection of unintended effects: Guiding principles for the consideration of methods and tools in policy-packaging," Transportation Research Part A: Policy and Practice, Elsevier, vol. 60(C), pages 19-30.
    4. M. Rouhani, Omid, 2014. "Road pricing: An overview," MPRA Paper 59662, University Library of Munich, Germany.

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