The welfare effects of freight travel time savings
AbstractIn 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.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 8754.
Date of creation: 2008
Date of revision:
freight value of time; cost benefit analysis;
Other versions of this item:
- Jérôme Massiani, 2008. "The welfare effects of freight travel time savings," Working Papers 0801, SIET Società Italiana di Economia dei Trasporti e della Logistica.
- L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General
- R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-05-17 (All new papers)
- NEP-GEO-2008-05-17 (Economic Geography)
- NEP-URE-2008-05-17 (Urban & Real Estate Economics)
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