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A choice experiment approachin evaluating publictransportation projects

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  • Junyi Shen

Abstract

The necessity of applying cost benefit analysis in evaluating the validity of a public transportation project is well recognized by policy makers in recent days. Originating in this fact, we implement CBA in a new project called Osaka Monorail Saito Line Extension by applying a choice experiment approach. It is estimated that the benefit-cost ratio is 1.87 under a basic scenario. In addition, with a consideration on different kinds of uncertainty in the future, a number of sensitivity analyses are implemented. The results of sensitivity analyses indicate that the possibility of generating net benefit is extremely high for the project studied in this article.

Suggested Citation

  • Junyi Shen, 2009. "A choice experiment approachin evaluating publictransportation projects," Applied Economics Letters, Taylor & Francis Journals, vol. 16(6), pages 557-561.
    • Handle: RePEc:taf:apeclt:v:16:y:2009:i:6:p:557-561
    DOI: 10.1080/13504850701206502
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    References listed on IDEAS

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    1. Hensher, David A., 0. "The sensitivity of the valuation of travel time savings to the specification of unobserved effects," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 37(2-3), pages 129-142, April.
    2. Wuyang Hu, 2005. "Logit models: smallest versus largest extreme value error distributions," Applied Economics Letters, Taylor & Francis Journals, vol. 12(12), pages 741-744.
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    Cited by:

    1. Hyo-Jin Kim & Jeong-In Chang & Seung-Hoon Yoo, 2019. "Non-Market Valuation of Water Pollution Remediation and Disaster Risk Mitigation Functions: The Case of Nakdong River Estuary in South Korea," Sustainability, MDPI, vol. 11(3), pages 1-9, February.
    2. Hyo-Jin Kim & Seul-Ye Lim & Seung-Hoon Yoo, 2020. "The South Korean public’s evaluation of the mix of power generation sources: A choice experiment study," Energy & Environment, , vol. 31(7), pages 1181-1190, November.
    3. Kim, Hyo-Jin & Kim, Ju-Hee & Yoo, Seung-Hoon, 2019. "Social acceptance of offshore wind energy development in South Korea: Results from a choice experiment survey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 113(C), pages 1-1.

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