Value of time estimations in cost-benefit analysis: the French experience
Résumé
A recent study has been commissioned by the French Government in the
framework of a general review of CBA practices. Among the various outputs of this
study is an update of the value of time and the related parameters such as comfort
or reliability. The communication first achieves a short presentation of the abovementioned
report and the recommended VOTs. It discusses the differentiation issue
and gives comparative elements with a few other national guidelines. Then, it
presents the main issues of consistency between traffic modelling and surplus
calculation through practical examples, and finally makes recommendations on how
to deal with mandatory VOT and how to combine those mandatory values and
traffic modelling results.