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Method of Obtaining Consumer Welfare from Regional Travel Demand Models

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  • Rodier, Caroline J.
  • Johnston, Robert A.

Abstract

The need for more comprehensive traveler welfare measures is highlighted by the U.S. Intermodal Surface Transportation Efficiency Act (1991) requirement that transportation projects and plans be evaluated for economic efficiency. However, to date, there has been a discrepancy between this requirement and the methods used by regional transportation organizations to evaluate transportation policies in the United States. Kenneth Small and Harvey Rosen illustrate how a consumer welfare measure known as compensating variation can be obtained from discrete choice models. A method of application is developed for the mode choice models in the Sacramento Regional Travel Demand Model. The results of the method’s application to the model for light rail transit, high-occupancy vehicle lanes, and auto pricing scenarios are examined for both total consumer welfare and consumer welfare by income class.

Suggested Citation

  • Rodier, Caroline J. & Johnston, Robert A., 1998. "Method of Obtaining Consumer Welfare from Regional Travel Demand Models," University of California Transportation Center, Working Papers qt5vq4r0g7, University of California Transportation Center.
    • Handle: RePEc:cdl:uctcwp:qt5vq4r0g7
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    Cited by:

    1. Rodier, Caroline J., 2004. "A Multi-Objective Analysis of Regional Transportation and Land Development Policies," Institute of Transportation Studies, Working Paper Series qt78q94796, Institute of Transportation Studies, UC Davis.
    2. Rodier, Caroline, 2004. "A Multi-Objective Analysis of Regional Transportation and Land Development Policies," Institute of Transportation Studies, Working Paper Series qt8cv746gq, Institute of Transportation Studies, UC Davis.
    3. Johnston, Robert A., 2008. "Indicators for Sustainable Transportation Planning," Institute of Transportation Studies, Working Paper Series qt1h55d8qk, Institute of Transportation Studies, UC Davis.
    4. Johnston, Robert A. & Gao, Shengyi & Clay, Michael J., 2008. "Modeling Long-Range Transportation and Land Use Scenarios for the Sacramento Region, Using Citizen-Generated Policies," Institute of Transportation Studies, Working Paper Series qt2jd480vw, Institute of Transportation Studies, UC Davis.
    5. Johnston, Robert A. & Gao, Shengyi & McCoy, Michael C. & Abraham, John E., 2007. "Interpreting Performance Indicators from a Statewide Integrated Transportation-Land Use Model," Institute of Transportation Studies, Working Paper Series qt2099z613, Institute of Transportation Studies, UC Davis.

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    Keywords

    Social and Behavioral Sciences;

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