General Equilibrium Analysis of the Benefits of Large Transportation Improvements
AbstractThis paper examines three benefit measures of a large transportation improvement in a general equilibrium framework. Three issues are analyzed. The first is whether the measures can be reduced to the area to the left of a suitably defined transportation demand curve. Second, the measures are expressed as functions of price and income elasticities which can be estimated empirically. Third, the general and partial measures are compared.
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Bibliographic InfoPaper provided by Queen's University, Department of Economics in its series Working Papers with number 567.
Length: 38 pages
Date of creation: 1984
Date of revision:
Other versions of this item:
- Kanemoto, Yoshitsugu & Mera, Koichi, 1985. "General equilibrium analysis of the benefits of large transportation improvements," Regional Science and Urban Economics, Elsevier, vol. 15(3), pages 343-363, August.
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- Kanemoto, Yoshitsugu, 2013.
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- Tatsuhito Kono & Hisa Morisugi & Fumi Miyahara, 2007. "Congestion deterioration and transportation project evaluation," The Annals of Regional Science, Springer, vol. 41(1), pages 145-170, March.
- Bruinsma, F. & Nijkamp, P. & Rietveld, P., 1990. "Infrastructure and metropolitan development in an international perspective : survey and methodological exploration," Serie Research Memoranda 0056, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
- Yoshitsugu Kanemoto, 2013. "Pitfalls in estimating “wider economic benefits” of transportation projects," GRIPS Discussion Papers 13-20, National Graduate Institute for Policy Studies.
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