Exploring ride-hailing fares: an empirical analysis of the case of Madrid

Transportation - Ride-hailing is an emerging service that is transforming door to door mobility in urban areas. Users can easily request a ride through a smartphone app that informs them of the...     

Investigation of carriers’ ability to transfer toll increases: an empirical analysis of freight agents’ relative market power

Transportation - Design of effective freight policies requires a comprehensive understanding of freight agents’ interactions. A critical component of the interaction is the freight...     

Economic efficiency in Spanish ports: some empirical evidence

In this study, a stochastic frontier cost function is used to estimate the econmic efficiency of Spanish ports through panel data. The sample covers annual data of 27 Spanish ports from 1985–1989. By comparing a Cobb-Douglas function with a translog, it is found that the latter best represents the technology according to the data. Analysing the efficiency indices obtained, it is found that the relatively larger ports are more economically inefficient. Moreover, the presence of large scale economies has been detected, as well as a lack of technical progress for the period considered.     

Optimal tolls for multi-class traffic: Analytical formulations and policy implications

This paper puts together an analytical formulation to compute optimal tolls for multi-class traffic. The formulation is comprised of two major modules. The first one is an optimization component aimed at computing optimal tolls assuming a Stackelberg game in which the toll agency sets the tolls, and the equilibrating traffic plays the role of the followers. The optimization component is supported by a set of cost models that estimate the externalities as a function of a multivariate vector of traffic flows. These models were estimated using Taylor series expansions of the output obtained from traffic simulations of a hypothetical test case. Of importance to the paper is the total travel time function estimated using this approach that expresses total travel time as a multivariate function of the traffic volumes. The formulation presented in the paper is then applied to a variety of scenarios to gain insight into the optimality of current toll policies. The optimal tolls are computed for two different cases: independent tolls, and tolls proportional to passenger car equivalencies (PCE).The numerical results clearly show that setting tolls proportional to PCEs leads to lower values of welfare that are on average 15% lower than when using independent tolls, though, in some cases the total welfare could be up to 33% lower. This is a consequence of two factors. First, the case of independent tolls has more degrees of freedom than the case of tolls proportional to PCEs. Second, tolls proportional to PCEs do not account for externalities other than congestion, which is likely to lead to lower welfare values.The analytical formulations and numerical results indicate that, because the total travel time is a non-linear function of the traffic volumes, the marginal social costs and thus the optimal congestion tolls also depend on the traffic volumes for each vehicle class. As a result of this, for the relatively low volumes of truck traffic observed in real life, the optimal congestion tolls for trucks could indeed be either lower or about the same as for passenger cars. This stand in sharp contrast with what is implied in the use of PCEs, i.e., that the contribution to congestion are constant. This latter assumption leads to optimal truck congestion tolls that are always proportional to the PCE values.The comparison of the toll ratios (truck tolls divided by passenger car tolls) for both observed and optimal conditions suggests that the tolls for small trucks are about the right level, maybe a slightly lower than optimal. However, the analysis of the toll ratio for large trucks seems to indicate a significant overcharge. The estimates show that the average observed toll ratio for large trucks is even higher than the maximum optimal toll ratio found in the numerical experiments. This suggests that the tolls for large trucks are set on the basis of revenue generation principles while the passenger car tolls are being set based on a mild form of welfare maximization. This leads to a suboptimal cross-subsidization of passenger car traffic in detriment of an important sector of the economy.     

A model for forecasting future supply of shipping services at Australian ports

This paper aims to develop an integrated model for forecasting both the number of ship visits and their characteristics in the medium and long term. Knowledge of future shipping trends for any port is no doubt important, as the future number of ship visits and their characteristics may have implications for the physical facilities of a port. In addition, more reliance on tonnages as a revenue source has made this knowledge more valuable. The proposed model identifies such major economic determinants as the expected trade throughput, world shipping trends, standards of facilities and future plans of shipping companies/agents. The model examines three possible scenarios for the Port of Melbourne and produces a range of shipping forecasts based on certain assumptions. From the model the major findings were:

world trends in shipping did not have any immediate impact on the shipping trends at the Port of Melbourne;

Future shipping services at the Port of Melbourne in the next 11 years are most likely to be determined by trade demand rather than by technological developments overseas;

there has been no evidence to indicate that the Port of Melbourne has been excluded from the schedule of general cargo ships due to the Port's physical constraints.     

Structural Evaluation for Maputo Airport Pavement

Introduction Structural evaluation of pavements provides awealth of information that concerns the expected be-havior of pavements[1]. Different asphalt pavementdesign and evaluation methods are described inRefs.[2-9]. Refs.[2-5,9,10] use two design meth-o…     

The economic impact of logistics infrastructure: the case of PLAZA – the Zaragoza Logistics Platform

Abstract

The economics literature offers many examples of studies of the economic impact of transportation infrastructure such as highways, ports, and airports; however, little attention has been paid to other types of infrastructure such as logistics platforms. This article is a first assessment of the economic effects of the largest logistics platform in Europe – PLAZA, the Zaragoza Logistics Platform – located in Spain. More precisely, this paper analyzes the economic significance of PLAZA on the economy of the Aragon region where it is located. The methodology is based on the application of input–output analysis to the final demand of logistics platform-based companies in a manner that is similar to well-established studies of the economic impacts of tourism on tourist expenditure. This makes it possible to quantify the various levels of economic effects (direct, indirect, and induced) in terms of jobs, salaries, and wages, turnover, gross operating surplus (GOS), and gross value added (GVA). The conclusions reveal the economic importance PLAZA has for the regional economy of Aragon, representing just over 2% of total GVA and 3% of turnover.     

基于条件的近岸风能维修策略综述（英文）

The existing maintenance strategies of offshore wind energy are reviewed including the specific aspects of condition-based maintenance, focusing on three primary phases, namely, condition monitoring, fault diagnosis and prognosis, and maintenance optimization. Relevant academic research and industrial applications are identified and summarized. The state of art, capabilities,and constraints of condition-based maintenance are analyzed. The presented research demonstrates that the intelligent-based approach has become a promising solution for condition recognition, and an integrated data platform for offshore wind farms is significant to optimize the maintenance activities.     

Review of Condition-Based Maintenance Strategies for Offshore Wind Energy

Journal of Marine Science and Application - The existing maintenance strategies of offshore wind energy are reviewed including the specific aspects of condition-based maintenance, focusing on three...     

A comparative analysis of US toll policy

In the US, there is a long tradition of toll roads, beginning with the Lancaster Turnpike that was built at the end of the 18th century connecting Philadelphia and Lancaster. There are currently more than 300 toll facilities in the US, which is probably the largest number of toll facilities in the world. These facilities represent a wide range of conditions, from hypercongested facilities in large metropolitan areas such as New York City to toll highways in rural areas. The toll structures are equally diverse, ranging from multi-tier price structures with frequent user, carpool, and time of day discounts; to simpler structures in which the only differentiation is made on the basis of the number of axles per vehicle. The toll rates are typically set by the agencies that operate or own the toll facilities. The rules or formulas by which these tolls are determined are not generally available to the public, though it is safe to say that toll decisions are made taking into account technical considerations, as well as the all important criterion of political acceptability. However, data on toll rates and how they change by vehicle types and by some other attributes are readily available.The overall objective of this paper is to analyze the toll data from various facilities across the US to gain insight into the overall factors affecting the tolls. A more specific objective is to assess—though in a rather approximate fashion—if the tolls by vehicle type, relative to each other, are appropriate and consistent with economic theory. This is achieved by comparing tolls to approximate indicators of road space consumption and pavement deterioration. The literature review confirmed that this is the first time such research has been conducted which is an important first step toward an analysis of the efficiency of current toll policies.The analyses in this paper are based on a random sample of all toll facilities across the US. The toll dataset, which include toll rates for passenger cars, busses, and three different truck types, is assembled mainly from the available information on the web sites of various toll agencies. After cleaning the data, the authors used econometric modeling to estimate a set of ordinary least squares (OLS) regression models that express tolls as functions of independent variables. Three families of models were estimated: linear models, models based on expansions of Taylor series, and models based on piece-wise linear approximations to non-linear effects. The resulting models were analyzed to identify the salient features of current toll policies towards different vehicle types.