A choice experiment approachin evaluating publictransportation projects

Junyi Shen

Applied Economics Letters, 2009, vol. 16, issue 6, 557-561

Abstract: The necessity of applying cost benefit analysis in evaluating the validity of a public transportation project is well recognized by policy makers in recent days. Originating in this fact, we implement CBA in a new project called Osaka Monorail Saito Line Extension by applying a choice experiment approach. It is estimated that the benefit-cost ratio is 1.87 under a basic scenario. In addition, with a consideration on different kinds of uncertainty in the future, a number of sensitivity analyses are implemented. The results of sensitivity analyses indicate that the possibility of generating net benefit is extremely high for the project studied in this article.

Date: 2009
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DOI: 10.1080/13504850701206502

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