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DfT home    Policy, guidance and research    Economics and appraisal    Research and development of guidance

Multi-modal transport appraisal investment

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Table of contents

  • Summary
  • 1 Introduction
  • 2 Cost-benefit analysis in the 'New Approach to Appraisal'
  • 3. Consistency between methodologies: calculus of willingness-to-pay or calculus of social costs and benefits?
  • 4 Consistency between methodologies: the unit of account
  • 5 Consistency between methodologies: impacts on indirect tax revenue
  • 6 Consistency between methodologies: user benefits
  • 7 Consistency between methodologies: 'equity' versus 'behavioural' values of time
  • 8 Consistency between methodologies: accident costs
  • 9 A common cost-benefit appraisal methodology: adapting COBA
  • 10 A general cost-benefit appraisal framework
  • 11 The disaggregation of benefits
  • 12 Reconciling CBA accounts with the new approach to appraisal

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