Wang, HuaFang, KeShi, Yuyan2012-03-192012-03-192010-09-01https://hdl.handle.net/10986/3906One of the major difficulties in doing cost-benefit analysis of a development project is to estimate the total economic value of project benefits, which are usually multi-dimensional and include goods and services that are not traded in the market. Challenges also arise in aggregating the values of different benefits, which may not be mutually exclusive. This paper uses a contingent valuation approach to estimate the economic value of a non-motorized transport project in Pune, India, across beneficiaries. The heads of households which are potentially affected by the project are presented with a detailed description of the project, and then are asked to vote on whether such a project should be undertaken given different specifications of costs to the households. The total value of the project is then derived from the survey answers. Econometric analysis indicates that the survey responses provide generally reasonable valuation estimates.CC BY 3.0 IGOACCIDENT RISKSACCIDENTSAIRAIR POLLUTIONAIR QUALITYAIR QUALITY IMPROVEMENTSAIRCRAFTAIRCRAFT NOISEAIRPORTAIRPORT EXPANSIONAUTO INDUSTRYBENCHMARKBICYCLESBUSBUSESCAPACITY BUILDINGCARSCONDITIONS FOR PEDESTRIANSCONGESTIONCONSTRUCTIONCONTINGENT VALUATIONCOST-BENEFIT ANALYSESCOST-BENEFIT ANALYSISCROSSWALKCYCLE TRACKSCYCLINGCYCLISTSDESCRIPTIONDEVELOPMENT PROJECTSDICHOTOMOUS CHOICEDRIVINGDRIVING COSTSECOLOGICAL ECONOMICSECONOMETRIC ANALYSESECONOMETRIC ANALYSISECONOMIC CONDITIONSECONOMIC STATISTICSECONOMIC THEORIESECONOMIC VALUEELASTICITIESENVIRONMENTALENVIRONMENTAL ECONOMICSENVIRONMENTAL PROTECTIONENVIRONMENTAL PROTECTION AGENCYENVIRONMENTAL QUALITYENVIRONMENTAL SCIENCESEQUALITYEQUATIONSEXPENDITURESFEEDER ROADSFEMALEFOOTPATHSFRAMEWORKFUELFUEL EFFICIENCYGENDERHIGHWAYHOUSEHOLDSILLEGAL PARKINGINCENTIVE EFFECTSINCOMEINCOME EFFECTINCOME LEVELSLABOR FORCELAND ECONOMICSLANESMARKET PRICESMAXIMUM LIKELIHOOD ESTIMATIONMOTOR VEHICLEMOTOR VEHICLE USERSMOTORISTSNMTNONMOTORIZED TRANSPORTNORMAL GOODPAVEMENTPAVEMENTSPAVINGPEAK HOURSPEDESTRIANPOLLUTIONPOPULATION DENSITYPUBLIC TRANSITPUBLIC TRANSPORTPUBLIC TRANSPORT SYSTEMPUBLIC TRANSPORTATIONRAPID TRANSITRIGHT OF WAYROADROAD CONDITIONSROAD CONGESTIONROAD CONSTRUCTIONROAD MARKINGSROAD NETWORKROAD PRICINGROAD SPACEROAD SURFACEROADSROADWAYROADWAYSRURAL TRANSITSAFETYSHARINGSIGNAGESIGNSSLUMSTOPPING DISTANCESTREETSSTRICTER ENFORCEMENTTECHNICAL ASSISTANCETOTAL ECONOMIC VALUETRAFFICTRAFFIC ACCIDENTTRAFFIC CONGESTIONTRAFFIC CONTROLTRAFFIC SIGNALSTRAFFIC SITUATIONTRANSPORTTRANSPORT ECONOMICSTRANSPORT ECONOMISTSTRANSPORT INFRASTRUCTURETRANSPORT MODESTRANSPORT PROJECTSTRANSPORT SECTORTRANSPORT SERVICETRANSPORT SYSTEMTRANSPORTATIONTRANSPORTATION COSTTRANSPORTATION IMPROVEMENTTRANSPORTATION INFRASTRUCTURETRANSPORTATION PROBLEMSTRANSPORTATION RESEARCHTRANSPORTATION SYSTEMTRIPSTRUEUNDERPASSESURBAN DEVELOPMENTURBAN SPRAWLURBAN TRANSPORTVEHICLEVEHICLE EMISSIONVEHICLE NOISEVEHICLESWALKINGWALKING DISTANCEWILLINGNESS TO PAYWTPWorld Bank10.1596/1813-9450-5422