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Economics and the Road Programme

Economics and the Road Programme

This article criticises the bases on which trunk road schemes are evaluated by the Department of the Environment. traffic forecasts should relate car ownership to household characteristics rather than to the individual; small time savings should be ignored; by-passes should be judged on their value to the environment and not only on financial costs/benefits.

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Values of Risk Reduction Implied by Motorist Use of Protection Equipment

This study derives the implied values of reducing the risks of fatal and non-fatal injuries for different road user populations. Values are obtained for “typical” adults, children (as implied by their parents’ actions) and adults who ride motorcycles. Also considered is whether individuals evaluate small time increments consistently with larger time allocations.

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