The purpose of this paper is to explore to what extent the effects of congestion charges rely on specific features of a city and its transport system. We use Stockholm, and its current congestion charging scheme, as a case study by making various modifications in the transport system influencing...

The benefits captured in an appraisal of a railway investment are determined by what timetables the analyst assumes in the scenarios with and without the investment. Without an explicit, objective and verifiable principle for which timetables to assume, the appraisal outcome is virtually...

Cost-benefit analyses (CBA) are often questioned on the grounds that results depend crucially on uncertain assumptions about the future, and on ethically or methodologically contestable trade-offs between different types of benefits. This paper explores the robustness of CBA rankings of...

Congestion charges were introduced in Stockholm in 2006, first as a trial followed by a referendum, then permanently from 2007. This paper discusses what conclusions can be drawn from the first five years of operation, until mid-2011. We show that the traffic reduction caused by the charges has...

We provide a synthesis of results and insights from the Swedish Value of Time study, with focus on what is relevant for transport appraisal and understanding travel behavior. We summarize recent econometric advances, and show how these enable a better understanding and identification of the...

This paper compares forecast effects of the Stockholm congestion charges with actual outcomes. The most important concerns during the design of the congestion charging scheme were the traffic reduction in bottlenecks, the increase in public transport ridership, the decrease of vehicle kilometres...

We estimate the value of time savings, different cycling environments and additional benefits in cost–benefit analysis of cycling investments. Cyclists’ value of travel time savings turns out to be high, considerably higher than the value of time savings on alternative modes. Cyclists also...

We investigate how passengers on long-distance trains value unexpected delays relative to scheduled travel time and travel cost. For scheduled services with high reliability and long headways, the value of delays is most commonly assumed to be proportional to the average delay. By exploring how...

Purpose – This chapter provides a think piece on economic evaluation and policy for cycling. Bicycle investments are often motivated by a desire to improve health, the environment and congestion conditions. However, we argue that since the bicycle is a part of the transport system, it should...