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The welfare effects of freight travel time savings

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Author Info

  • Jérôme Massiani

    (Università degli Studi di Trieste, Dipartimento di Ingegneria Civile e Ambientale, Piazzale Europa, 1 - 31024 Trieste)

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.

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File URL: http://www.sietitalia.org/wpsiet/WP%20SIET%20-%20Massiani2008.pdf
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Bibliographic Info

Paper provided by SIET Società Italiana di Economia dei Trasporti e della Logistica in its series Working Papers with number 0801.

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Length: 20 pages
Date of creation: 2008
Date of revision:
Handle: RePEc:sit:wpaper:08_01

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Keywords: freight value of time; cost benefit analysi;

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  1. Allen, Benjamin J. & Baumel, C. Phillip, 1994. "Expanding the Set of Efficiency Gains of a Highway Investment: Conceptual, Methodological and Practical Issues," Staff General Research Papers 11705, Iowa State University, Department of Economics.
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