Print Email Facebook Twitter The value of travel time, noise pollution, recreation and biodiversity Title The value of travel time, noise pollution, recreation and biodiversity: A social choice valuation perspective Author Mouter, N. (TU Delft Transport and Logistics) Cabral, Manuel Ojeda (University of Leeds) Dekker, T. (TU Delft Transport and Logistics) van Cranenburgh, S. (University of Leeds) Date 2019 Abstract Environmental effects of transport projects have a weak position in Cost-Benefit Analysis (CBA) which might be rooted in the valuation approach adopted in the dominant style of CBA. This conventional valuation approach has been criticized for not valuing positive and negative impacts of transport projects in relation to each other and for not valuing such impacts in a public context, but in the context of private decisions. These critiques might be circumvented through valuing transport projects in a social choice context in which overall burdens and benefits of proposed transport projects are considered together in a public context. We investigate the extent to which a social choice valuation approach produces different outcomes than a conventional valuation approach. We conducted four social choice valuation experiments in which respondents were asked to choose between alternatives for a new road, trading off travel time and three environmental impacts (noise, recreation and biodiversity). Our findings suggest that, under social choice valuation, individuals assign substantially more value to environmental impacts than travel time as compared to conventional valuation studies. Moreover, in a social choice setting, respondents assigned monetary values to impacts that are not (or only qualitatively) considered in conventional CBAs of transport projects. Subject BiodiversityCost-benefit analysisEnvironmental valuationNoiseRecreationSocial choice valuationTransport appraisalTransport policyTravel time To reference this document use: http://resolver.tudelft.nl/uuid:6006465e-6d5e-45ec-a0d0-9ee11b6d789d DOI https://doi.org/10.1016/j.retrec.2019.05.006 Embargo date 2019-12-11 ISSN 0739-8859 Source Research in Transportation Economics, 76 Bibliographical note Green Open Access added to TU Delft Institutional Repository ‘You share, we take care!’ – Taverne project https://www.openaccess.nl/en/you-share-we-take-care Otherwise as indicated in the copyright section: the publisher is the copyright holder of this work and the author uses the Dutch legislation to make this work public. Part of collection Institutional Repository Document type journal article Rights © 2019 N. Mouter, Manuel Ojeda Cabral, T. Dekker, S. van Cranenburgh Files PDF 1_s2.0_S0739885919300721_main.pdf 2.75 MB Close viewer /islandora/object/uuid:6006465e-6d5e-45ec-a0d0-9ee11b6d789d/datastream/OBJ/view