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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Economies of Scale in Bus transport: I. Some British Municipal Results

This study was prompted by the proposal to merge a number of municipal transport undertakings into Passenger transport Authorities. The authors analyse figures showing various working expenses per bus-mile, and find no evidence of scale economies. They point out, however, that the P.T.A.s will be larger than any undertaking in their sample, and that a different conclusion might conceivably be reached if data were available on costs per passenger-mile. Extension of one-man operation appears to offer greater scope for economies than amalgamation.

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