Evaluation of urban road investments—a comment

Abstract

In their interesting article BEESLEY and WALTERS (1970) suggest a procedure for evaluation of urban road projects which differs in three important matters of principle from that developed in connection with the London Transportation Study (1969), which is widely favoured as the appropriate basis for economic evaluation. These differences are: (i) the treatment of the benefit from tax gain to the government. (ii) the treatment of ‘dead loss’ and the issue of what alternative situations should be compared. (iii) the treatment of ‘systems’ effects.

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