Cost Benefit Analysis on Public Transport Investment by Choice Experiment Method: An Example of Osaka Monorail Saito Linefs Extension (in Japanese)
AbstractThe necessity of applying Cost Benefit Analysis (CBA) in evaluating the validity of a public transport investment is well recognized by policy makers in recent days. Originating in a sense of this fact, we implement CBA in a new project called Osaka Monorail Saito Linefs extension by applying a Choice Experiment (CE) method. It is estimated that the benefit cost (B/C) 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 analysis indicate that the possibility of generating net benefit is extremely high for the project studied here.
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Bibliographic InfoPaper provided by Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP) in its series Discussion Papers in Economics and Business with number 06-18.
Length: 16 pages
Date of creation: Jul 2006
Date of revision:
Cost Benefit Analysis; Choice Experiment (CE) method; Monorail; Sensitive Analysis;
Find related papers by JEL classification:
- C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-07-09 (All new papers)
- NEP-DCM-2006-07-09 (Discrete Choice Models)
- NEP-SEA-2006-07-09 (South East Asia)
- NEP-URE-2006-07-09 (Urban & Real Estate Economics)
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