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Cost Benefit Analysis on Public Transport Investment by Choice Experiment Method: An Example of Osaka Monorail Saito Line fs Extension (in Japanese)

Author

Listed:
  • Junyi Shen

    (Institute of Social and Economic Research, Osaka University)

  • Yusuke Sakata

    (School of Economics, Kinki University)

  • Yoshizo Hashimoto

    (Osaka Prefectural Institute for Advanced Industry Development)

Abstract

The 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 Line fs 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.

Suggested Citation

  • Junyi Shen & Yusuke Sakata & Yoshizo Hashimoto, 2006. "Cost Benefit Analysis on Public Transport Investment by Choice Experiment Method: An Example of Osaka Monorail Saito Line fs Extension (in Japanese)," Discussion Papers in Economics and Business 06-18, Osaka University, Graduate School of Economics.
    • Handle: RePEc:osk:wpaper:0618
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    More about this item

    Keywords

    Cost Benefit Analysis; Choice Experiment (CE) method; Monorail; Sensitive Analysis;
    All these keywords.

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • 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

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