Measuring the benefits derived from a transportation investment

This paper reviews the problems associated with application of the concept of consumers' surplus to the measurement of benefits derived from a transportation investment. This review is warranted since such measurement is very complicated when alternative modes or different paths are available to the users and benefit measures have been proposed which, on the surface, appear not to agree. In particular, as Mohring (1976), Williams (1976) and Agnello (1977), among others, have discussed, demand curves for interdependent modes will shift in response to a modal specific improvement, i.e. a unimodal investment, thereby complicating the measurement of consumers' surplus. The perspective taken in this paper resolves seeming inconsistencies in the literature regarding the directions of demand shifts and the correct measure to be used in calculating changes in consumer's surplus following an investment. This is accomplished by introducing an aggregate, origin-destination demand curve which is independent of the alternative modes actually available and from which traditional modal demands can be derived. An approach for deriving the modal demands from the aggregate demand and the behavioral assumptions behind the aggregate supply is described; the aggregate demand is used to unequivocably determine the directions of shifts in the modal demand curves due to specific modal investments. The resulting consistency of modal and aggregate demand is shown to lead to an unambiguous measure of total consumers' surplus variation. Extensions to include producers' surplus are also given.     

THE EXPERIMENTAL RESEARCH ON CARDIOPLEGIC SOLU-TION CONTAINING SELENIUM AND MAGNESIUM AGAINST MYOCARDIAL ISCHEMIA REPERFUSION DAMAGE

MyocardiallschemiaandreperfusiondamagehavebeenstudiedfordecadesandmanyexperimentshavetestifiedthatOFRandoverloadofcalciumincellsarethemajorreasonsofthedamage.Seleniumisakindofactiveantioxidantwhereasmagnesiumisthenaturalantagonistofcalcium.SeleniumandmagnesiumcanreducethemyocardialdamagecausedbyOFRandoverloadofcalciumincells.Themodelbe.lugresearchedinthisarticleissetupbyisolatedperfusionofrat'shearts.ActivityofGPXandSODandquantityofMDA,selenium,magnesiumandcalciumintheliquidcollectedfrom…     

Influence of repeated and delayed excitations in combined subspace identification

The application of combined subspace identification methods to land vehicles would allow the modal parameters of the vehicle to be obtained, while it is in operation, thus improving the vehicle modal characterisation. However, when a land vehicle is circulating through a straight line, the excitations applied to the different axles are identical among them but with a certain time delay. The presence of repeated excitations with different time delays implies that the past and future subspaces include common vectors that may lead to problems in the application of the method. To analyse its influence, an index called the reduction coefficient resulting from excitations (RCE) has been defined. RCE evaluates the amount of information eliminated in the oblique projection due to the effect of repeated excitations. The use of RCE enables the selection of analysis parameters, particularly the sampling frequency, the signals grouping and some specific parameters of the subspace identification methods.     

Private funding and management for public interchanges in Madrid

Interchanges are key elements for improving seamless mobility in metropolitan areas where multi-stages trips are increasing. Interchange facilities make transfers short, easy and comfortable, and therefore Public Transport (PT) trips became more attractive and competitive. However, good quality interchanges are rather expensive, especially with regard to construction and operation. The solution launched in Madrid was a public-private scheme where all stakeholders involved play a key role. The first experience was Avenida America Interchange in the border of Madrid CBD, which opened in 2000. The construction was carried out through a Build and Operate and Transfer (BOT) tender. Three public bodies were involved: Municipality, Regional Government and Public Transport Authority. The concessionaire was a company constituted by a transport operator, several construction companies and a national bank. The revenues came from a fee which pays every bus using the facility, some shops, two parking lots, and other business. This positive experience has been extended to the construction of four new interchanges that were inaugurated in the years 2007 and 2008.     

Inclusion of latent variables in Mixed Logit models: Modelling and forecasting

Travel demand models typically use mainly objective modal attributes as explanatory variables. Nevertheless, it has been well known for many years that attitudes and perceptions also influence users’ behaviour. The use of hybrid discrete choice models constitutes a good alternative to incorporate the effect of subjective factors. We estimated hybrid models in a short-survey panel context for data among many alternatives. The paper analyses the results of applying these models to a real urban case study, and also proposes an approach to forecasting using these models. Our results show that hybrid models are clearly superior to even highly flexible traditional models that ignore the effect of subjective attitudes and perceptions.     

Urban public transport in Europe: Technology diffusion and market organisation

Technological change and incremental technology, at various levels, are believed to have played an important role in the success of urban public transport in Europe. In this paper, a historical overview of the evolution of different transport modes across different European cities is presented. Our major concern is with the processes of diffusion of urban transport modes in European cities and, in particular, with the factors, mainly of an economic nature, that may explain their rates of adoption across Europe. Among these factors, special attention is given to the role played by the dimension and organisation of public transport markets in the rates of adoption of different public transport modes. The main conclusion of the paper is that the success of the introduction of a new transport mode appeared to be mainly related to its ability to provide cheaper and more reliable transport services compared with previous transport modes, and that, in the case of the electric tram, this was achieved by transforming of the structure of the market relating to this urban transport mode into monopolies.     

Towards a general microeconomic model for the operation of public transport

After Vickrey's view, Mohring constructed a microeconomic model to determine the optimal frequency of buses serving a corridor with fixed demand. The main result was that frequency should be proportional to the square root of demand. The role of users' costs was shown to be crucial. This approach has evolved over the past decades, improving our understanding of public transport operations. This paper describes and analyses the evolution of microeconomic models for the analysis of public transport services with parametric demand, leading towards a more comprehensive one. An in-depth review of all the contributions in the academic literature is presented, emphasizing both the treatment of variables and the form of the results mostly in terms of frequency and fleet size. A series of partial new elements is also identified. An extension of Jansson's model for a single period is developed analytically, including the effect of vehicle size on operating costs and the influence of crowding on the value of time. Numerical simulations are used for comparison and analysis. A general model is then proposed where bus operations are optimized accounting for a number of simultaneous relations. Finally, the different models are discussed and compared.     

The political economy of ports in the United States and Great Britain

Abstract

This is an exploration of the political economy of ports in the United States and Great Britain. A number of technical, economic, and political issues concerning ports are examined. Particular attention is paid to the institutional evolution of ports from private to public ownership, and its consequences for port efficiency. The paper concludes with a set of recommendations designed to reverse the trend toward port nationalization in both countries.     

Value of accessibility to Bogotá's bus rapid transit system

With several successful cases world‐wide, bus rapid transit (BRT) has reemerged as a cost‐effective transportation alternative for urban mobility. Despite the resurgence of BRT, there is a world‐wide paucity of research examining its ability to spur and development. By estimating spatial hedonic price functions, the paper determines the extent to which access to BRT stations in Bogotá, Colombia, currently are capitalized into land values. Results suggest that for every 5 min of additional walking time to a BRT station, the rental price of a property decreases by between 6.8 and 9.3%, after controlling for structural characteristics, neighbourhood attributes and proximity to the BRT corridor. Evaluated at the average walking time to a BRT station, this effect translates into an elasticity of between ??0.16 and ??0.22. Although these estimates cannot be attributable directly to the presence of the BRT system because a cross‐sectional design is used, they suggest that the land market in Bogotá values access to BRT station locations.     

Delivering Value for Money to Government through Efficient and Effective Public Transit Service Continuity: Some Thoughts

Abstract

This paper documents some thoughts on the reform agenda in public transit that is occurring throughout the world. The specific focus is on a growing commitment to competitive regulation through competitive tendering, and the efforts by a few governments (notably in Australia) to take control of the tangible assets used by private operators as a mechanism to exercise the opportunity, if so taken, to put services out to competitive tender. The paper reviews the theoretical arguments and empirical evidence on contracting regimes and asset ownership, and the role that government and the operator might play in a setting in which building trusting and collaborative partnerships has merit in delivering services that are in the main funded from the public purse.