A successful road safety policy requires the efficient use of money, people and resources. Economic evaluations can play an important part in that respect, and provide a basis for making policy decisions and determining road safety objectives. This can ensure your policy has a sound (economic) basis.
W2Economics has a wealth of expertise in economic evaluation methods, such as cost-effectiveness analysis, (social) cost-benefit analysis, and cost-utility analysis. Cost-effectiveness analyses look at costs and road safety effects, while a social cost-benefit analysis takes a more comprehensive approach by including effects on mobility, the environment and health as well as. Cost-utility analysis is a relatively new method in road safety but is already well established in public health. It looks at effects on quality of life as well as costs.
W2Economics focuses both on methodological aspects such as making existing evaluation methods applicable to road safety, and on specific road safety applications. We are highly experienced in creating manuals and guidelines for economic evaluations, developing standard values for them, and executing them. We also have extensive expertise on the effectiveness and costs of road safety measures, which is an essential part of those evaluations.