Abandoning the valuation of travel time savings in transport appraisal would be a “fundamental error”, three of the UK’s leading transport economists have said.
The comment comes in a paper responding to David Metz, an honorary professor at the Centre for Transport Studies, University College London and a former chief scientist at the DfT.
Metz had a paper published in the journal Case Studies on Transport Policy last summer (LTT01 Sep 17), arguing that the travel...
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