Integral cost-benefit analysis of Maglev technology under market imperfections
The aim of this article is to assess a proposed new mode of guided high speed ground transportation, the magnetic levitation rail system (Maglev), and to compare the results of a partial cost-benefit analysis with those of an integral CBA. We deal with an urbanconglomeration as well as a core-periphery Maglev project and also try to explain why the older German Maglev proposal to connect two large, but distant cities (Hamburg and Berlin) was rejected. The empirical outcomes of our study provide policy information on the interregional redistribution of working population and labor demand and whether these projects are worthwhile in terms of national welfare. They also show 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. Hence, a uniform ‘additional to direct benefit’ ratio does not exist.
|Date of creation:||2001|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +31 50 363 7185
Fax: +31 50 363 3720
Web page: http://som.eldoc.ub.rug.nl/Email:
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Layard, Richard & Nickell, Stephen & Jackman, Richard, 1991.
"Unemployment: Macroeconomic Performance and the Labour Market,"
Oxford University Press, number 9780198284345.
- Layard, Richard & Nickell, Stephen & Jackman, Richard, 2005. "Unemployment: Macroeconomic Performance and the Labour Market," OUP Catalogue, Oxford University Press, number 9780199279173.
- repec:dgr:vuarem:2009-29 is not listed on IDEAS
- Button, Kenneth J., 1993. "Urban transportation economics : Kenneth A. Small. (Fundamentals of Pure and Applied Economics, Vol. 51). Harwood Academic Publishers, P.O. Box 786, Cooper Station, New York, NY 10276, U.S.A., 1992. 1," Transportation Research Part A: Policy and Practice, Elsevier, vol. 27(5), pages 409-410, September.
- Jan Oosterhaven & Ward E. Romp, 2003. "Indirect economic effects of new infrastructure: a comparison of Dutch high speed rail variants," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 94(4), pages 439-452, 09.
- David G. Blanchflower & Andrew J. Oswald, 1995.
"The Wage Curve,"
MIT Press Books,
The MIT Press,
edition 1, volume 1, number 026202375x, June.
- Venables, Anthony J, 1996.
"Equilibrium Locations of Vertically Linked Industries,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 37(2), pages 341-59, May.
- Venables, Anthony J, 1993. "Equilibrium Locations of Vertically Linked Industries," CEPR Discussion Papers 802, C.E.P.R. Discussion Papers.
- Anthony J. Venables, 1993. "Equilibrium Locations of Vertically Linked Industries," CEP Discussion Papers dp0137, Centre for Economic Performance, LSE.
- Paul Elhorst, 1999. "Welfare Effects of Spatial Deconcentration: A Scenario for the Netherlands," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 90(1), pages 17-31, 02.
- Jan Oosterhaven & J. Paul Elhorst, 2003. "Effects of Transport Improvements on Commuting and Residential Choice," ERSA conference papers ersa03p29, European Regional Science Association.
- Jan Rouwendal & Erik Meijer, 2001. "Preferences for Housing, Jobs, and Commuting: A Mixed Logit Analysis," Journal of Regional Science, Wiley Blackwell, vol. 41(3), pages 475-505.
When requesting a correction, please mention this item's handle: RePEc:dgr:rugsom:04c22. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joke Bulthuis)
If references are entirely missing, you can add them using this form.