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The welfare effects of freight travel time savings

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  • massiani, jerome

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.

Suggested Citation

  • massiani, jerome, 2008. "The welfare effects of freight travel time savings," MPRA Paper 8754, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:8754
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    File URL: https://mpra.ub.uni-muenchen.de/8754/1/MPRA_paper_8754.pdf
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    References listed on IDEAS

    as
    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 Archive 11705, Iowa State University, Department of Economics.
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    Cited by:

    1. Evangelos Sambracos & Irene Ramfou, 2013. "Freight Transport Time Savings and Organizational Performance: A Systemic Approach," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Eastern Macedonia and Thrace Institute of Technology (EMATTECH), Kavala, Greece, vol. 6(1), pages 19-40, April.

    More about this item

    Keywords

    freight value of time; cost benefit analysis;

    JEL classification:

    • 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; Travel Time; Safety and Accidents; Transportation Noise

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