Valuation of externalities through neo-classical methods by including institutional variables

Externalities are uncompensated influences that are not expressed in a market but that affect the production possibilities or the welfare level of third parties. An example is the noise pollution in airport areas. Although air transport is an important source of economic growth and employment in many countries, the social and environmental problems connected with this sector are rising rapidly. Consequently, airports are becoming a matter of concern to many politicians. On what kind of values should they base their decisions as to further growth or consolidation of the current situation? In this paper we discuss two approaches, one based on mainstream, neo-classical, economics, and one based on institutional approaches, more in particular new institutional economics, which can be seen as a development complementary to the mainstream.     

Joint development at transit stations in the United States

Joint development, as the term is generally used in connection with transit systems in the United States, is real estate development that is closely linked to public transportation services and station facilities, and takes advantage of the market and locational advantages provided by them. Research conducted by LEK Associates for the Urban Mass Transportation Administration (UMTA) suggests that, in addition to helping shape urban growth and land development, joint development is also a surprisingly effective means of increasing transit system ridership and farebox revenues, as well as a source of increasingly significant revenues from the sale or lease of air rights.The completion of nine joint development projects in as many different cities, started under the former Urban Initiatives Program, for example, net additional annual ridership might reach 12000000 one-way trips. Net additional annual farebox revenues might reach over $9000000. This added revenue would be sufficient to repay the $62 million combined UMTA/transit operator investment in the nine projects, exclusive of the costs of the basic transit system improvements around which the projects are planned, in less than six years.Among transit authority-administered joint development programs examined in a separate study, the Washington Metropolitan Area Transit Authority (WMATA) has had the most success in generating significant value capture income. For example, the cumulative revenue realized by WMATA from just six joint development projects in the Washington, DC region, through September 1983 exceeded $ 6.9 million. Projections through fiscal year 1986 indicate cumulative revenues approximating $ 28 million will be received from developer leases.     

A simple formulation for predicting the ultimate strength of ships

The aim of this study is to derive a simple analytical formula for predicting the ultimate collapse strength of a single- and double-hull ship under a vertical bending moment, and also to characterize the accuracy and applicability for earlier approximate formulations. It is known that a ship hull will reach the overall collapse state if both collapse of the compression flange and yielding of the tension flange occur. Side shells in the vicinity of the compression and the tension flanges will often fail also, but the material around the final neutral axis will remain in the elastic state. Based on this observation, a credible distribution of longitudinal stresses around the hull section at the overall collapse state is assumed, and an explicit analytical equation for calculating the hull ultimate strength is obtained. A comparison between the derived formula and existing expressions is made for largescale box girder models, a one-third-scale frigate hull model, and full-scale ship hulls.List of symbols A _B total sectional area of outer bottom - A _B total sectional area of inner bottom - A _D total sectional area of deck - A _S half-sectional area of all sides (including longitudinal bulkheads and inner sides) - a _s sectional area of a longitudinal stiffener with effective plating - b breadth of plate between longitudinal stiffeners - D hull depth - D _B height of double bottom - E Young's modulus - g neutral axis position above the base line in the sagging condition or below the deck in the hogging condition - H depth of hull section in linear elastic state - I _s moment of inertia of a longitudinal stiffener with effective plating - l length of a longitudinal stiffener between transverse beams - M _E elastic bending moment - M _p fully plastic bending moment of hull section - M _u ultimate bending moment capacity of hull section - M _uh ,M _us ultimate bending moment in hogging or sagging conditions - r radius of gyration of a longitudinal stiffener with effective plating [=(I _s /a _s )^1/2] - t plate thickness - Z elastic section modulus at the compression flange - Z _B ,Z _D elastic section modulus at bottom or deck - slenderness ratio of plate between stiffeners [= (b/t)(_y/E)^1/2] - slenderness ratio of a longitudinal stiffener with effective plating [=(l/r)(_y/E)^1/2] - _y yield strength of the material - _yB , _yB , _yD yield strength of outer bottom, inner bottom - _yS deck, or side - _u ultimate buckling strength of the compression flange - _uB , _uB , _uD ultimate buckling strength of outer bottom - _uS inner bottom, deck, or side     

Performance indicators for transit management

Transit performance can be evaluated through quantitative indicators. As the provision of efficient and effective transit service are appropriate goals to be encouraged by federal and state governments, these goals are used to develop performance indicators.Three efficiency and four effectiveness indicators are described, together with two overall indicators. These nine indicators are analyzed for comparability utilizing operating and financial data collected from public transit agencies in California.Performance indicators selected for this study should not be viewed as final. Twenty-one performance indicators proposed by previous studies were reviewed. Theoretical considerations and unavailability or unreliability of data caused omission of several useful measures like passenger-miles. Circumstances such as improved data, emphasis upon goals other than efficiency and effectiveness, and local conditions might warrant the inclusion of indicators deleted from this research.This paper is based on work conducted for the Urban Mass Transportation Administration under University Research and Training Grant CA-11-0014, Development of Performance Indicators for Transit. The views expressed herein are those of the authors and not necessarily those of the University of California or the United States Government. We are indebted to John Feren for assistance with the statistical processing and data gathering.     

Correlation between automotive CO, HC, NO, and PM emission factors from on-road remote sensing: implications for inspection and maintenance programs

Carbon monoxide (CO), hydrocarbon (HC), and nitrogen oxide (NO) emission factors (EFs) are measured with a commercial vehicle emissions remote sensing system (VERSS) during a large-scale vehicle exhaust emissions study in Las Vegas. Particulate matter (PM) EFs are simultaneously measured for individual vehicles with a newly developed PM-VERSS based on ultraviolet backscatter light detection and ranging (Lidar). The effectiveness of CO and HC EFs as proxy for NO and PM EFs for spark-ignition vehicles is evaluated. Poor correlations were found between EFs for pollutants on an individual vehicle basis indicating that high EFs for one or more pollutants cannot be used as a predictor of high EFs for other pollutants. Stronger functional relationships became evident after averaging the EF data in bins based on rank-order of a single pollutant EF. Low overlap between the highest 10% emitters for CO, HC, NO, and PM was found. These results imply that for an effective reduction of the four pollutants, inspection and maintenance (I/M) programs, including clean screening, should measure all four pollutants individually. Fleet average CO and HC concentrations determined by gaseous VERSS were compared with fleet average CO and HC concentrations measured at low-idle and at high-idle during local I/M tests for spark-ignition vehicles. The fleet average CO concentrations measured by I/M tests at either idle were about half of those measured by remote sensing. The fleet average high-idle HC concentration measured by I/M tests was about half of that measured by VERSS while low-idle I/M and VERSS HC average concentrations were in better agreement. For a typical vehicle trip, most of the fuel is burned during non-idle conditions. I/M measurements collected during idling conditions may not be a good indicator of a vehicle’s potential to be a high emitter. VERSS measurements, when the vehicle is under a load, should more effectively identify high emitting vehicles that have a large contribution to the mobile emissions inventory.     

Hub location with flow economies of scale

A characteristic feature of hub and spoke networks is the bundling of flows on the interhub links. This agglomeration of flows leads to reduced travel costs across the interhub links. Current models of hub location do not adequately model the scale economies of flow that accrue due to the agglomeration of flows. This paper shows that current hub location models, by assuming flow-independent costs, not only miscalculate total network cost, but may also erroneously select optimal hub locations and allocations. The model presented in this paper more explicitly models the scale economies that are generated on the interhub links and in doing so provides a more reliable model representation of the reality of hub and spoke networks.     

Fuzzy Logic Active and Semi-Active Control of Off-Road Vehicle Suspensions

For off-road vehicles, minimizing the absorbed power is the main objective of suspension control. The primary cause of increase in the absorbed power in off-road vehicles driven at high speeds on harsh courses is the exhaustion of the suspension travel. Fuzzy-logic approach to active and semi-active off-road vehicle suspension control, with the goal of improving the speed of the vehicle over rough terrains are developed. The ride metric used for quantifying improvements is the absorbed power of the sprung mass. Particular attention is paid to the proper modeling of the suspension using both the full kinematic constraints and the more convenient two degree of freedom linear model of the quarter vehicle suspension. The nonlinearities due to the kinematic constraints on motion are accounted for by modifying the stiffness and damping coefficients of the suspension spring and dashpot in the linear model. The control laws are developed using the less complex model and demonstrated in the fully constrained environment. Nonlinearities of the suspension, including tire stiffness/damping and bumpstops are included at all stages of controller development.     

Analysis of the effectiveness of control measures to mitigate road dust emissions in a regional network

The effectiveness of control measures to reduce road dust emissions is analyzed using a year’s data of road dust emissions collected with a mobile sampling platform and a survey of road maintenance practices in the Lake Tahoe Basin of Nevada and California US. Attributes such as sweeping practices, anti-icing, shoulder improvement, pavement condition, trackout, and abrasive material from road segments were analyzed with a feature subset selection algorithm. Street sweeping was found to be an effective means of controlling dust emissions from roads. Road dust from dirty tertiary roads served as a continuous source of suspendable material for adjacent high-speed roads in the winter time. To be most effective, emission control strategies require that not only primary roads, but all roads be swept after snow storms to recover applied abrasive material.     

A hedonic test of the effects of the Alternative Motor Fuels Act

Under the Alternative Motor Fuels Act (AMFA), vehicles that run on ethanol, methanol, or natural gas get extra credits in the calculation of Corporate Average Fuel Economy (CAFE). This paper uses hedonic techniques to examine the effect of production of alternative-fuel vehicles (AFVs) on the implicit price of fuel economy. This study finds that, after AFVs came to market, the marginal value of fuel economy from companies producing them decreased. This finding suggests that manufacturers who produced AFVs were willing to offer a lower price for fuel economy, because automakers had an additional way to achieve fuel economy standards beyond improving the fuel efficiency of conventional cars. These findings bolster the argument that a major role of the AMFA credit for AFVs is to allow automakers to increase their production of fuel-inefficient vehicles.     

Florida's coastal setback line—an effort to regulate beachfront development

Abstract

The coastal setback line program in Florida represents an effort to achieve more efficient location decisions, protect beachfront properties from storms, and control beach erosion. This article examines the reasons why the regulation of shoreline development might be necessary, describes the coastal setback program in Florida, discusses some of the problems encountered in its implementation, and examines its potential success.