TRANSPORT POLICY APPRAISAL WITH EQUILIBRIUM MODELS III: INVESTMENT BENEFITS IN MULTI-MODAL SYSTEMS
operations - traffic, ridership - growth, policy - congestion, economics - appraisal/evaluation, economics - benefits, place - urban
Urban growth, Urban corridors, Trip generation, Transportation policy, Transportation corridors, Traffic generation, Traffic corridors, Traffic congestion, Site selection, Road construction, Placement (Location), Location, Locating, Highways, Highway location, Highway construction, Gridlock (Traffic), Corridors (Transportation), Appraising, Appraisals
The authors extend the analysis of papers I and II to explore theoretically and numerically within a multi-modal equilibrium framework the contributions of different response mechanisms to the benefit derived from highway and public transport investments. These include on the demand side modal substitution and other generative effects, and on the supply side the longer term responses by public transport operators to the patronage loss arising from highway projects. In the latter context, the authors examine the significance of potential disadvantages to public transport users and comment on a recent debate concerning the possibility that building major roads in congested urban areas may be counter-productive.
Williams, HCWL, Lam, W, AUSTIN, J, Kim, K, (1991). TRANSPORT POLICY APPRAISAL WITH EQUILIBRIUM MODELS III: INVESTMENT BENEFITS IN MULTI-MODAL SYSTEMS, Transportation Research Part B: Methodological, Volume 25, Issue 5, p. 293-316.