Environmental Valuation & Cost-Benefit News
Transit in Washington, DC: Current benefits and optimal level of provision
08/30/07
06:01:16 am, by damageva 
, 201 words, 153 views 
Categories: Washington DC, Academic Study/Journal Article, Transportation, Contamination Cost, Costs and Benefits
Transit in Washington, DC: Current benefits and optimal level of provision
Abstract: The discrepancy between transit's large share of local transportation resources and its generally low share of local trips has raised questions about the use of scarce transportation funds for this purpose. We use a regional transport model consistent with utility theory and calibrated for the Washington, DC metropolitan area to estimate the travel benefits of the local transit system to transit users and the congestion-reduction benefits to motorists. We find that (i) rail transit generates congestion-reduction benefits that exceed rail subsidies; (ii) the combined benefits of rail and bus transit easily exceed local transit subsidies generally; (iii) the lowest income group received a disproportionately low share of the transit benefits, both in absolute terms and as a share of total income; and (iv) for practical purposes, the scale of the current system is about optimal.
Keywords: Transit; Transit subsidies; Traffic congestion
by Peter Nelson, Andrew Baglino, Winston Harrington, Elena Safirova and Abram Lipman all of Resources for the Future, Quality of the Environment Division, 1616 P St., NW, Washington, DC, USA
Journal of Urban Economics via Elsevier Science Direct www.ScienceDirect.com
Volume 62, Issue 2, September 2007, Pages 231-251
Special Issue: Essays in Honor of Kenneth A. Small
http://dx.doi.org/10.1016/j.jue.2007.02.001
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