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Integral Cost-Benefit Analysis of Maglev Rail Projects Under Market Imperfections

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  • Elhorst, J. Paul

    (University of Groningen, The Netherlands; Netherlands)

  • Oosterhaven, Jan

    (University of Groningen, The Netherlands; Netherlands)

Abstract

This article evaluates a new mode of high speed ground transportation, the magnetic levitation rail system (Maglev). The outcomes of this evaluation provide policy information on the interregional redistribution of employment and population and the national welfare improvement of two Dutch urban-conglomeration and two Dutch core-periphery projects. This article also compares the results of an integral cost- benefit analysis with those of a conventional cost-benefit analysis and concludes that the additional economic benefits due to market imperfections vary from –1% to +38% of the direct transport benefits, depending on the type of regions connected and the general condition of the economy.

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Bibliographic Info

Article provided by Center for Transportation Studies, University of Minnesota in its journal The Journal of Tranport and Land Use.

Volume (Year): 1 (2008)
Issue (Month): 1 ()
Pages: 65-87

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Handle: RePEc:ris:jtralu:0006

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Web page: http://www.jtlu.org/index.php/jtlu
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Related research

Keywords: Magnetic levitation; cost-benefit analysis; market imperfections; The Netherlands;

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Cited by:
  1. Gwilliam, Ken, 2008. "A review of issues in transit economics," Research in Transportation Economics, Elsevier, vol. 23(1), pages 4-22, January.
  2. Simmonds, David & Feldman, Olga, 2011. "Alternative approaches to spatial modelling," Research in Transportation Economics, Elsevier, vol. 31(1), pages 2-11.
  3. Mark Thissen & Narisra Limtanakool & Hans Hilbers, 2011. "Road pricing and agglomeration economies: a new methodology to estimate indirect effects applied to the Netherlands," The Annals of Regional Science, Springer, vol. 47(3), pages 543-567, December.

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