Noise valuation in ex-ante evaluations of major road and railroad projects

In many European countries, the impact of new road and railroad infrastructure is assessed by performing a cost-benefit analysis, monetising as many relevant effects as possible. Considering that noise is a major external effect of traffic, this paper will systematically review the guidelines for monetising noise in different European countries....

Current issues in the Dutch CBA practice

In the Netherlands a guideline for carrying out a CBA for infrastructure projects (the so-called OEI-manual) was constructed in the year 2000. Since then a CBA in line with the OEI-manual became compulsory in the decision making process for all large infrastructure national projects. The aim of this research is to define the main problems in the...

Using value of statistical life for the ex ante evaluation of transport policy options: A discussion based on ethical theory

This paper aims to discuss a number of questions that are highly important for the ex ante evaluation of the safety impacts of transport policy options, from the perspective of ethical theory: (1) Is it morally OK to express prevention on acceptance of fatalities or risks in monetary terms? (2) How useful is the concept of the value of a...