Anciaes, PR;
Jones, P;
Mindell, JS;
(2014)
The value of the barrier effect of roads and railways – A literature review.
(Street Mobility and Network Accessibility Working Paper
03).
University College London (UCL): London, UK.
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Abstract
Railways and roads with large traffic levels or speeds are physical and psychological barriers between local communities, an effect usually described as "barrier effect" or "community severance". Due to its intangible nature, this effect does not have a market price, and so, methods of economic valuation are needed to derive its value. This paper reviews the methods proposed in the literature for valuing the barrier effect, including stated preference and revealed preference methods, objective approaches, and benefits transfer. The implications of including the values obtained in cost-benefit analysis are discussed.
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