skip to main content
OSTI.GOV title logo U.S. Department of Energy
Office of Scientific and Technical Information

Title: Pareto improvement and cost-benefit analysis of transportation policies: compensated general equilibrium simulations

Abstract

One important property of multinomial logit model was found in this study. This is the property that the conditional expected utility for each choice alternative, given that the alternative is chosen, is the same for all alternatives. This property is a serious weakness of the multinomial logit model. An income compensated general equilibrium simulation model was developed. This model takes into account the demand for commuting modes jointly with the demand for housing. It is applied empirically to analyze the effects of transport changes on the distribution of benefits among workplace groups, on changes in overall welfare, on value capture tax revenues, on farebox revenues, on parking tax revenues, on the switching between travel modes, and on the presence of Pareto improvements when the effect on the government's budget is taken into account. The simulation is applied to a sample of 52 zones drawn from the 1690 zone system of the Chicago SMSA by using a simple stratified random sampling approach. Empirical results show that with the locational compensation scheme, pricing policies such as fare reduction and parking tax imposition appear to yield Pareto improvements and could be proposed jointly with transfer-in-kind to increase the well being of the lowmore » income people, who are usually the rapid transit and bus riders.« less

Authors:
Publication Date:
Research Org.:
Northwestern Univ., Evanston, IL (USA)
OSTI Identifier:
7007824
Resource Type:
Thesis/Dissertation
Resource Relation:
Other Information: Thesis (Ph. D.)
Country of Publication:
United States
Language:
English
Subject:
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION; 29 ENERGY PLANNING, POLICY AND ECONOMY; MASS TRANSIT SYSTEMS; ECONOMIC ANALYSIS; TRANSPORTATION SECTOR; PUBLIC POLICY; SOCIO-ECONOMIC FACTORS; LOW INCOME GROUPS; MATHEMATICAL MODELS; ECONOMICS; HUMAN POPULATIONS; INSTITUTIONAL FACTORS; MINORITY GROUPS; POPULATIONS; TRANSPORTATION SYSTEMS; 320200* - Energy Conservation, Consumption, & Utilization- Transportation; 290200 - Energy Planning & Policy- Economics & Sociology; 291000 - Energy Planning & Policy- Conservation

Citation Formats

Feng, C M. Pareto improvement and cost-benefit analysis of transportation policies: compensated general equilibrium simulations. United States: N. p., 1986. Web.
Feng, C M. Pareto improvement and cost-benefit analysis of transportation policies: compensated general equilibrium simulations. United States.
Feng, C M. Wed . "Pareto improvement and cost-benefit analysis of transportation policies: compensated general equilibrium simulations". United States.
@article{osti_7007824,
title = {Pareto improvement and cost-benefit analysis of transportation policies: compensated general equilibrium simulations},
author = {Feng, C M},
abstractNote = {One important property of multinomial logit model was found in this study. This is the property that the conditional expected utility for each choice alternative, given that the alternative is chosen, is the same for all alternatives. This property is a serious weakness of the multinomial logit model. An income compensated general equilibrium simulation model was developed. This model takes into account the demand for commuting modes jointly with the demand for housing. It is applied empirically to analyze the effects of transport changes on the distribution of benefits among workplace groups, on changes in overall welfare, on value capture tax revenues, on farebox revenues, on parking tax revenues, on the switching between travel modes, and on the presence of Pareto improvements when the effect on the government's budget is taken into account. The simulation is applied to a sample of 52 zones drawn from the 1690 zone system of the Chicago SMSA by using a simple stratified random sampling approach. Empirical results show that with the locational compensation scheme, pricing policies such as fare reduction and parking tax imposition appear to yield Pareto improvements and could be proposed jointly with transfer-in-kind to increase the well being of the low income people, who are usually the rapid transit and bus riders.},
doi = {},
url = {https://www.osti.gov/biblio/7007824}, journal = {},
number = ,
volume = ,
place = {United States},
year = {1986},
month = {1}
}

Thesis/Dissertation:
Other availability
Please see Document Availability for additional information on obtaining the full-text document. Library patrons may search WorldCat to identify libraries that hold this thesis or dissertation.

Save / Share: