How should the new strategic roads company be judged?

Peter Mackie, Institute for Transport Studies, University of Leeds, Leeds LS2
08 August 2014
 

I don’t always agree with Phil Goodwin. I don’t really see what’s wrong with comparing two alternative future states of the world, one with a bit of kit in place and the other without (‘The tricky business of measuring performance’ LTT 11 Jul). Isn’t that what all investment appraisal across both public and private sectors tries to do? What’s the alternative, compare alternative states of the world holding traffic constant? As a robustness test...

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