Valuation of public investment to support bicycling (FV-09)
In this paper we develop a framework to value public investments with the purpose of increasing bicycling that explicitly accounts internal costs of bicycling, which are typically neglected in current established approaches that value bicycle spending by means of gross health benefits alone, as are inframarginal benefits to existing cyclists. By monetizing internal costs independent of health benefits, we can assess the degree of internalization of private benefits and/or the internalization of external benefits such as environmental improvements due to altruistic preferences by cyclists. Our framework further conceptualizes the complementarity between "hard" (investments in infrastructure) and "soft" measures (informational campaigns) in bicycle policy. Finally, we propose an empirical method for identifying internal costs using a latent variable approach and apply it to eight Swiss cities. Our results imply that Swiss cyclists internalize more than mortality-based benefits. However, because data for some important bicycle mode choice determinants are not available, our results cannot inform policy directly at the current stage. Instead, the contributions of our paper are the development of an economically consistent framework to value public bicycle investments and the identification of crucial data needs for the development of comprehensive assessments informing bicycle policy decisions.
|Date of creation:||2013|
|Date of revision:|
|Contact details of provider:|| Postal: Peter-Merian-Weg 6, Postfach, CH-4002 Basel|
Web page: http://wwz.unibas.ch
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bénabou, Roland & Tirole, Jean, 2003.
"Incentives and Prosocial Behavior,"
IDEI Working Papers
389, Institut d'Économie Industrielle (IDEI), Toulouse, revised Jan 2006.
- Bénabou, Roland & Tirole, Jean, 2004. "Incentives and Prosocial Behaviour," CEPR Discussion Papers 4633, C.E.P.R. Discussion Papers.
- Roland Bénabou & Jean Tirole, 2006. "Incentives and Prosocial Behavior," Post-Print hal-00173700, HAL.
- Roland Bénabou & Jean Tirole, 2005. "Incentives and Prosocial Behavior," NBER Working Papers 11535, National Bureau of Economic Research, Inc.
- Benabou, Roland & Tirole, Jean, 2005. "Incentives and Prosocial Behavior," IZA Discussion Papers 1695, Institute for the Study of Labor (IZA).
- Roland Benabou & Jean Tirole, 2004. "Incentives and Prosocial Behavior," Working Papers 137, Princeton University, Woodrow Wilson School of Public and International Affairs, Discussion Papers in Economics.
- Vandenbulcke, Grégory & Dujardin, Claire & Thomas, Isabelle & Geus, Bas de & Degraeuwe, Bart & Meeusen, Romain & Panis, Luc Int, 2011.
"Cycle commuting in Belgium: Spatial determinants and 're-cycling' strategies,"
Transportation Research Part A: Policy and Practice,
Elsevier, vol. 45(2), pages 118-137, February.
- VANDENBULCKE, Grégory & DUJARDIN, Claire & THOMAS, Isabelle & DE GEUS, Bas, 2009. "Cycle commuting in Belgium: Spatial determinants and ‘re-cycling’ strategies," CORE Discussion Papers 2009073, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- VANDENBULCKE, Grégory & DUJARDIN, Claire & THOMAS, Isabelle & de GEUS, Bas, . "Cycle commuting in Belgium: spatial determinants and 're-cycling' strategies," CORE Discussion Papers RP 2313, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- John Parkin & Mark Wardman & Matthew Page, 2008. "Estimation of the determinants of bicycle mode share for the journey to work using census data," Transportation, Springer, vol. 35(1), pages 93-109, January.
- Janice Kirner Providelo & Suely Penha Sanches, 2011. "Roadway and traffic characteristics for bicycling," Transportation, Springer, vol. 38(5), pages 765-777, September.
- Xing, Yan & Handy, Susan L. & Mokhtarian, Patricia L., 2010. "Factors Associated with Proportions and Miles of Bicycling for Transportation and Recreation in Six Small U.S. Cities," Institute of Transportation Studies, Working Paper Series qt74n4j1p0, Institute of Transportation Studies, UC Davis.
- Ipek Sener & Naveen Eluru & Chandra Bhat, 2009. "An analysis of bicycle route choice preferences in Texas, US," Transportation, Springer, vol. 36(5), pages 511-539, September.
- Rietveld, Piet & Daniel, Vanessa, 2004. "Determinants of bicycle use: do municipal policies matter?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 38(7), pages 531-550, August.
- Smith, Bruce H., 1991. "Anxiety as a cost of commuting to work," Journal of Urban Economics, Elsevier, vol. 29(2), pages 260-266, March.
- J. Hunt & J. Abraham, 2007. "Influences on bicycle use," Transportation, Springer, vol. 34(4), pages 453-470, July.
- Ralph Buehler & John Pucher, 2012. "Cycling to work in 90 large American cities: new evidence on the role of bike paths and lanes," Transportation, Springer, vol. 39(2), pages 409-432, March.
- Wardman, Mark & Tight, Miles & Page, Matthew, 2007. "Factors influencing the propensity to cycle to work," Transportation Research Part A: Policy and Practice, Elsevier, vol. 41(4), pages 339-350, May.
When requesting a correction, please mention this item's handle: RePEc:bsl:wpaper:2013/02. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (WWZ)
If references are entirely missing, you can add them using this form.