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Transport policy appraisal with equilibrium models III: Investment benefits in multi-modal systems

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  • Williams, H. C. W. L.
  • Lam, W. M.
  • Austin, J.
  • Kim, K. S.

Abstract

We extend the analysis of papers I and II to explore theoretically and numerically within a multi-modal equilibrium framework the contributions of different response mechanisms to the benefit derived from highway and public transport investments. These include on the demand side modal substitution and other generative effects, and on the supply side the longer term responses by public transport operators to the patronage loss arising from highway projects. In the latter context we examine the significance of potential disbenefits to public transport users and comment on a recent debate about the possibility that building major roads in congested urban areas may be counter-productive.

Suggested Citation

  • Williams, H. C. W. L. & Lam, W. M. & Austin, J. & Kim, K. S., 1991. "Transport policy appraisal with equilibrium models III: Investment benefits in multi-modal systems," Transportation Research Part B: Methodological, Elsevier, vol. 25(5), pages 293-316, October.
  • Handle: RePEc:eee:transb:v:25:y:1991:i:5:p:293-316
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    Cited by:

    1. Kidokoro, Yukihiro, 2006. "Benefit estimation of transport projects--a representative consumer approach," Transportation Research Part B: Methodological, Elsevier, vol. 40(7), pages 521-542, August.
    2. Justin Siegel & Joaquín Cea & José Fernández & Renán Rodriguez & David Boyce, 2006. "Comparisons of Urban Travel Forecasts Prepared with the Sequential Procedure and a Combined Model," Networks and Spatial Economics, Springer, vol. 6(2), pages 135-148, June.
    3. Mogridge, Martin J H, 1997. "The self-defeating nature of urban road capacity policy : A review of theories, disputes and available evidence," Transport Policy, Elsevier, vol. 4(1), pages 5-23, January.
    4. Site, Paolo Delle & Filippi, Francesco, 1995. "Bus service optimization and car pricing policies to save fuel in urban areas," Transportation Research Part A: Policy and Practice, Elsevier, vol. 29(5), pages 345-358, September.

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