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Economical welfare maximisation analysis: assessing the use of existing Park-and-Ride services
| Title: | Economical welfare maximisation analysis: assessing the use of existing Park-and-Ride services |
| Authors: | Kono, Yusuke Browse this author | | Uchida, Kenetsu Browse this author →KAKEN DB | | Andrade, Katia Browse this author |
| Keywords: | Park-and-Ride | | Economical welfare | | Public transport | | Consumer surplus | | Producer surplus |
| Issue Date: | Jul-2014 |
| Publisher: | Springer |
| Journal Title: | Transportation |
| Volume: | 41 |
| Issue: | 4 |
| Start Page: | 839 |
| End Page: | 854 |
| Publisher DOI: | 10.1007/s11116-013-9498-x |
| Abstract: | This paper assesses travellers' responses to the use of existing Park-and-Ride (P&R) services based on an economical welfare maximisation approach. Specifically, the paper presents a modelling framework to estimate consumer surplus and producer surplus (business profits) on the basis of modal choice probabilities. The paper draws on evidence from Stated Preference surveys conducted around two P&R sites in Sapporo, Japan, where P&R services occupy a modest market space. Overall, the results suggest that business profit increases when economical welfare is maximised, as a consequence of increased demand. It is also shown that P&R choice is not only influenced by parking fees, but also by the fares and other attributes of alternative transportation modes. Accordingly, the interactions of P&R with alternative transportation modes should be taken into consideration in any strategic transportation policies oriented towards motivating sustainable transport mode choices. |
| Rights: | The final publication is available at link.springer.com |
| Type: | article (author version) |
| URI: | http://hdl.handle.net/2115/59446 |
| Appears in Collections: | 工学院・工学研究院 (Graduate School of Engineering / Faculty of Engineering) > 雑誌発表論文等 (Peer-reviewed Journal Articles, etc)
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Submitter: Katia Regina de Andrade Andrade
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