Benefit estimation of transport projects—a representative consumer approach

Kidokoro, Yukihiro

doi:10.1016/j.trb.2005.07.001

Cited by 14 publications

(13 citation statements)

References 11 publications

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“…The even-numbered columns of Table 1 show studies with a utility function approach instead of a benefit function approach. Kidokoro [30][31][32] and Parry and Bento [33] succeeded in a utility function approach on a simple network, noting that perfect substitution and logit type substitution are a special form of a utility function (see column 6 of Table 1). In particular, Kidokoro [31] deals with a homogeneous consumer model, which is a quasi-linear utility function.…”

Section: Previous Studiesmentioning

confidence: 99%

“…Kidokoro [30][31][32] and Parry and Bento [33] succeeded in a utility function approach on a simple network, noting that perfect substitution and logit type substitution are a special form of a utility function (see column 6 of Table 1). In particular, Kidokoro [31] deals with a homogeneous consumer model, which is a quasi-linear utility function. However, Kidokoro [30][31][32] does not deal with full networks.…”

Section: Previous Studiesmentioning

confidence: 99%

See 1 more Smart Citation

Optimal Link Tolls for Multi-node and Multi-link Transportation Networks Taking into Account the Welfare Cost of Fund Procurement

Ikeshita¹,

Fukuda²

2018

JTTE

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This study discusses the optimal link toll, which maximizes social surplus under a user equilibrium condition, with imperfect substitution assumption for route choice in a transportation network with many nodes and links, as well as taking into account the welfare cost of funds procurement. In contrast to previous studies, this study formulates optimal link tolls, taking into account the marginal cost of public funds (MCF), which is the marginal welfare loss of taxpayers due to a marginal tax raise. The formula for optimal tolls on links is derived from the following conditions. One is MCF classified into two, not taking into account funding (MCF equal to-1) and pricing for funding (MCF does not equal-1). Another is tolls classified into two, pricing on all links (full link pricing), and pricing on a specific link (partial link pricing). Following the above conditions, this study succeeds in deriving the formula for optimal tolls on a full network with many links and nodes. Furthermore, this study indicates two calculation methods: one is to solve analytically or numerically for when the functional form of link flow demand is known. When the functional form is unknown, such as a perfect substitution case, it is necessary to carry out iteration until convergence: with the traffic assignment given the price level and with a change in price level based on the traffic assignment.

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Section: Previous Studiesmentioning

confidence: 99%

Section: Previous Studiesmentioning

confidence: 99%

Optimal Link Tolls for Multi-node and Multi-link Transportation Networks Taking into Account the Welfare Cost of Fund Procurement

Ikeshita¹,

Fukuda²

2018

JTTE

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“…Como se deduce de los coeficientes estimados, la valoración del tiempo de viaje obtenida con el modelo ML da como resultado 23,89 $/ min, en tanto que el modelo ICLV da como resultado 65,18 $/min, siendo este último un valor más razonable si se compara con los resultados de otros estudios (ver, por ejemplo, Márquez, 2013). Este es un hallazgo de gran interés, dado el importante papel que desempeña la valoración del tiempo en la evaluación de los proyectos de transporte (Brown y Ryan, 2011), donde gran parte de los beneficios consisten precisamente en ahorros de tiempo (Kidokoro, 2006;Lakshmanan et al, 2001). …”

Section: Tabla 3 Coeficientes Estimados De Los Modelosunclassified

La percepción de seguridad en la demanda de transporte de la integración bicicletametro en Bogotá, Colombia

Márquez

2016

Lec Econ

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“…The advantages of scale economies occur as firms consolidate production and distribution sites, increase outputs [15] as well as obtain the possibility to increase the competitive advantage. However, despite large amounts invested on roads, there is still little known about their benefits [19]. In fact, the argument that the improvements of transport infrastructure changes travel costs and benefits the stockholders in the commodity market is not neglected.…”

Section: The Effects Of Highway Infrastructure Improvementsmentioning

confidence: 99%

“…There have been many approaches to solve this equation for the price p. Our approach is based on the numerical solution by the Newton method applied to equivalent equation (19) as all of the parameters in our research had numerical values. Basic calculation results are presented in fig.…”

Section: Introduction To Evaluation Of Road Transport Infrastructure mentioning

confidence: 99%

The peculiarities of travel cost measurement using intelligent technologies: theory and evidence

Bazaras¹,

Česnulevičius²,

Micevičienė³

et al. 2014

WIT Transactions on the Built Environment

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This paper reviews the theoretical and empirical issues on the measurement of the impacts of the performance generated by improved highway infrastructure. Raising the issues of validity of the intervention of governments into economics in terms of social justice, the concept of public alternative costs is discussed. Stressing that the inadequate usage of public resources for the formation and development of highway infrastructure may have negative consequences on the dynamics and tendencies of the development of other economic sectors, the question of an adequate, socially and economically reasonable assessment of development is raised. Taking into account the complexity of the problem discussed, the present research of the authors is narrowed and concentrates on the improvement of the simplified general equilibrium model which focuses on the price effects of direct changes in transport costs and their measurement. Other aspects are going to be excluded from this initial investigation and presented for the wide public in the nearest future.In the Introduction, the topic relevance, scientific problem and level of its analysis, object and tasks of the research are presented. The methods of the research, scientific novelty and significance of the work are introduced there as well. The second part is dedicated to the analysis of the methodological framework of the application of general equilibrium models in evaluation of the performance of improved transport systems. The possible extension of the model and its application issues are presented in the third section. The last section is dedicated to the employment of intelligent technologies in evaluating travel cost change as a result of transport infrastructure improvement.

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Benefit estimation of transport projects—a representative consumer approach

Cited by 14 publications

References 11 publications

Optimal Link Tolls for Multi-node and Multi-link Transportation Networks Taking into Account the Welfare Cost of Fund Procurement

Optimal Link Tolls for Multi-node and Multi-link Transportation Networks Taking into Account the Welfare Cost of Fund Procurement

La percepción de seguridad en la demanda de transporte de la integración bicicletametro en Bogotá, Colombia

The peculiarities of travel cost measurement using intelligent technologies: theory and evidence

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