| Article ID: | iaor1989601 |
| Country: | United States |
| Volume: | 23A |
| Issue: | 4 |
| Start Page Number: | 317 |
| End Page Number: | 325 |
| Publication Date: | Jul 1989 |
| Journal: | Transportation Research. Part A, Policy and Practice |
| Authors: | Johnston Robert A., DeLuchi Mark A. |
The demand for rail transit funcs greatly exceeds available monies. Worse, there is wide-spread disagreement over the wisdom of building rail systems in American cities. The Urban Mass Transportation Administration’s (UMTA’s) transit analysis methods have relied on cost-effectiveness measures with little attention devoted to the analysis of economic efficiency. The authors survey the literature on transportation evaluation and propose a model method based on economic theory and on practice in other federal agencies. They review UMTA’s past methods and recommend changes.