Research Article
Jun 1968

The Economics And Importance of Speed

Publication: Journal of the Highway Division
Volume 94, Issue 1

Abstract

The economics and importance of speed underlies most transportation improvements, because many of the resulting benefits are measured by the time saved. The economic value of travel time has been the subject of many studies and is basic to transport system evaluation. Both intraurban and interurban mobility have increased as a result of air travel advances and extended highway construction. Speeds also influence the choice of travel mode both within and between cities. As the nation's economy expands, people will place a higher value on time. Simultaneously, they will have greater ability to support capital transport improvements.

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Published In

Journal of the Highway Division
Volume 94Issue 1June 1968
Pages: 1 - 19

History

Published in print: Jun 1968
Published online: Feb 6, 2021

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Herbert S. Levinson
Principal Associate, Wilbur Smith and Associates, Visiting Lecturer in City Planning, Yale University, New Haven, Conn.

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