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The value of slow travel: Economic appraisal of cycling projects using the logsum measure of consumer surplus

Author

Listed:
  • Standen, Christopher
  • Greaves, Stephen
  • Collins, Andrew T.
  • Crane, Melanie
  • Rissel, Chris

Abstract

Walking and cycling have clear benefits for users, even though they may be slower than other transport modes. However, these user benefits could be undervalued using traditional economic appraisal, in which speed increases or travel time savings are highly valued. This paper explores the use of the logsum measure of consumer surplus for valuing the user benefits of new active transport infrastructure, using new separated cycleways in Sydney (Australia) as a case study. The results suggest the value of user benefits can be significant – of a similar order of magnitude to the estimated value of the public health benefits – and it becomes more pronounced as cycleways are integrated into a connected network. The method could be used to inform transportation investment policy decisions in other jurisdictions, where suitable travel survey data are available.

Suggested Citation

  • Standen, Christopher & Greaves, Stephen & Collins, Andrew T. & Crane, Melanie & Rissel, Chris, 2019. "The value of slow travel: Economic appraisal of cycling projects using the logsum measure of consumer surplus," Transportation Research Part A: Policy and Practice, Elsevier, vol. 123(C), pages 255-268.
    • Handle: RePEc:eee:transa:v:123:y:2019:i:c:p:255-268
    DOI: 10.1016/j.tra.2018.10.015
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    Citations

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    Cited by:

    1. Ahmed, Tanjeeb & Hyland, Michael & Sarma, Navjyoth J.S. & Mitra, Suman & Ghaffar, Arash, 2020. "Quantifying the employment accessibility benefits of shared automated vehicle mobility services: Consumer welfare approach using logsums," Transportation Research Part A: Policy and Practice, Elsevier, vol. 141(C), pages 221-247.
    2. Li, Zheng & Hensher, David A. & Rose, John M., 2010. "Willingness to pay for travel time reliability in passenger transport: A review and some new empirical evidence," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 46(3), pages 384-403, May.
    3. Paulsen, Mads & Rich, Jeppe, 2023. "Societally optimal expansion of bicycle networks," Transportation Research Part B: Methodological, Elsevier, vol. 174(C).
    4. Ovidiu R. Ciascai & Ștefan Dezsi & Karina A. Rus, 2022. "Cycling Tourism: A Literature Review to Assess Implications, Multiple Impacts, Vulnerabilities, and Future Perspectives," Sustainability, MDPI, vol. 14(15), pages 1-18, July.
    5. Asplund, Disa & Pyddoke, Roger, 2021. "Optimal pricing of car use in a small city: A case study of Uppsala," Transport Policy, Elsevier, vol. 114(C), pages 88-103.
    6. Mai, Nhat Chi, 2022. "Behavioural Economics Assignment: Business Consumer Decision-Making & Consumer Surplus," OSF Preprints 4jrc8, Center for Open Science.

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