Economical welfare maximisation analysis: assessing the use of existing Park-and-Ride services |
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Authors: | Yusuke Kono Kenetsu Uchida Katia Andrade |
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Affiliation: | 1. Ministry of Land, Infrastructure and Transportation, Hokuriku Regional Development Bureau, Sainen 4-23-5, Kanazawa, 920-8648, Japan 2. Laboratory of Infrastructure Planning and Design, Faculty of Engineering, Hokkaido University, Kita-13, Nishi-8, Kita-ku, Sapporo, 060-8628, Japan
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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. |
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