Search results for "Transit system"

showing 3 items of 3 documents

From bus to tramway: Is there an economic impact of substituting a rapid mass transit system? An empirical investigation accounting for anticipation …

2018

Abstract Hedonic pricing models and price equations have been extensively used to retrieve the implicit prices of urban externalities through real estate markets. Many applications have been devoted to investigating the impact of new mass transit systems, such as rail infrastructures. However, the implementation of such infrastructures usually takes some time and markets can react with an anticipation effect that can vary according to the different development phases. Moreover, the impact may be different if it acts as a substitute to existing rapid transit services. This paper focuses on the impact of substituting bus rapid transit (BRT) for light rail transit (LRT) services, taking into a…

050210 logistics & transportationApartmentbusiness.industryTransit system05 social sciencesAerospace EngineeringTransportationReal estateManagement Science and Operations ResearchEnvironmental economicsAnticipation (artificial intelligence)Public transport0502 economics and businessBusiness Management and Accounting (miscellaneous)Economic impact analysis050207 economicsbusinessExternalityBus rapid transitCivil and Structural EngineeringTransportation Research Part A: Policy and Practice
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A Spatial Difference-in-Differences Estimator to Evaluate the Effect of Change in Public Mass Transit Systems on House Prices

2014

Evaluating the impact of public mass transit systems on real-estate values is an important application of the hedonic price model (HPM). Recently, a mathematical transformation of this approach has been proposed to account for the potential omission of latent spatial variables that may overestimate the impact of accessibility to mass transit systems on values. The development of a Difference-in-Differences (DID) estimator, based on the repeat-sales approach, is a move in the right direction. However, such an estimator neglects the possibility that specification of the price equation may follow a spatial autoregressive process with respect to the dependent variable. The objective of this pap…

Variablesbusiness.industryEconomies of agglomerationmedia_common.quotation_subjectEstimatorTransportationManagement Science and Operations Research[SHS.ECO]Humanities and Social Sciences/Economics and Financespatial differenceTransformation (function)Price equationAutoregressive modelPublic transportEconomicsEconometrics[ SHS.ECO ] Humanities and Social Sciences/Economies and financespublic massSpatial econometricsbusiness[SHS.ECO] Humanities and Social Sciences/Economics and FinanceComputingMilieux_MISCELLANEOUStransit systemsCivil and Structural Engineeringmedia_common
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Demand Responsive Transport Services for Improving the Public Transport in Suburban Areas

2022

Suburbs suffer from isolation from densely populated urban centers due to the poor performance of traditional public transport services such as buses. This isolation worsens the quality of life of the residents of these areas, with related problems of social exclusion. One of the possible solutions to meet the mobility needs of these people is a flexible service such as Demand Responsive Transport (DRT) systems. This article assessed the effectiveness of a DRT service as a feeder transit service, assuming a connection of three suburban districts of Palermo, Italy, with a Railway Line station. Thanks to a Revealed Preferences (RP) and Stated Preferences (SP) survey campaign, both the current…

public transportservicesSettore ICAR/05 - Trasportisuburbssocial exclusionDRTfeeder transit systemmodal share2022 IEEE International Conference on Environment and Electrical Engineering and 2022 IEEE Industrial and Commercial Power Systems Europe (EEEIC / I&CPS Europe)
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