Transport cost benefit analysis in France: Recent changes, progress and shortcomings
This chapter deals with the situation of Cost Benefit Analysis applied to transport projects in France. The principles of the directives now in force are analysed. They are based on the Dupuit surplus, including user’s surplus, external effects and producer’s surplus. The unitary values of non market goods are presented, as well as the procedures to use them and to reckon the various indicators assessing both the economic and the financial profitabilities. The most recent recommendations deal with the discount rate, which is lowered from 8% to 4%, but does not include risk, while the previous value included the risk of the projects; they also deal with the budget constraints, a subject for which some new results are developed. Finally, an assessment of the recommendations is made, listing the improvements and short-comings, from the points of view of both the economic analysis and the institutional requirements, and suggesting possible solutions
|Date of creation:||13 Oct 2006|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +39 02 50321522
Fax: +39 02 50321505
Web page: http://www.demm.unimi.it
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.:
- Gollier, Christian, 2002. "Time Horizon and the Discount Rate," Journal of Economic Theory, Elsevier, vol. 107(2), pages 463-473, December.
- Ivaldi, Marc & Vibes, Catherine, 2005.
"Intermodal and Intramodal Competition in Passenger Rail Transport,"
CEPR Discussion Papers
5004, C.E.P.R. Discussion Papers.
- Ivaldi, Marc & Vibes, Catherine, 2005. "Intermodal and Intramodal Competition in Passenger Rail Transport," IDEI Working Papers 345, Institut d'Économie Industrielle (IDEI), Toulouse.
- Gollier, Christian, 2002. "Discounting an uncertain future," Journal of Public Economics, Elsevier, vol. 85(2), pages 149-166, August.
When requesting a correction, please mention this item's handle: RePEc:mil:wpdepa:2006-22. 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: (DEMM Working Papers)
If references are entirely missing, you can add them using this form.