Economical welfare maximisation analysis: assessing the use of existing Park-and-Ride services

Yusuke Kono, Kenetsu Uchida and Katia Andrade ()

Transportation, 2014, vol. 41, issue 4, 839-854

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. Copyright Springer Science+Business Media New York 2014

Keywords: Park-and-Ride; Economical welfare; Public transport; Consumer surplus; Producer surplus (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s11116-013-9498-x

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