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The first step in assessing demand is to estimate baseline traffic flows, or Q 1, in figure 10.1. The baseline data provides the basi...
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Typically, a project’s inputs include material inputs, public utilities, labor, land, and services. Some of these goods and servi...
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Private goods also share another important characteristic, namely, that the marginal cost of consumption is nonnegligible. In the case ... -
It is common practice to estimate the incidence of accidents based on road type and traffic conditions. Analysts first estimate the imp...
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Most transportation projects generate environmental externalities. Roads, in particular, have sizable direct or indirect environmental ... -
The approach also goes beyond sensitivity analysis and switching values for assessing risk. The former estimates how sensitive project ...
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In this situation, the country consumes q d units of the good, of which domestic production satisfies qs and imports supply the diff... -
After the analyst has identified all the relevant variables and specified their probability distributions, the next step is to make som... -
When conducting sensitivity analysis, the analyst should normally consider three specific areas: • Aggregate costs and benefits. ...
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Environmental externalities are a particular form of externalities that economic analysis should take into account. They should be ...
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