Valuing incremental highway capacity in a network
By: H. Allen Klaiber, V. Kerry Smith
Contributors: Smith, V. Kerry (Vincent Kerry), 1945-; National Bureau of Economic Research
Series: NBER working paper series -- working paper 15989; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 15989.
Publisher: National Bureau of Economic Research
Published: 2010
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] /
Description: "The importance of increments to an existing highway system depends upon their contributions to the accessibility provided by the existing network.  Nearly 40 years ago, Mohring [1965] suggested this logic for planning optimal highway investment programs.  He argued it could be implemented by measuring the quasi-rents generated by specific additions to an existing roadway system.  This paper uses a unique set of additions to a loop roadway in metropolitan Phoenix, together with detailed records of housing sales over the past decade, to meet this need.  We find that estimated increases in capitalized housing values due to four segments added during this period range from 73 to over 273 million dollars per mile of the roadway addition"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 5/20/2010.

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