Economics at your fingertips  

A Stylised Cost-Benefit Model for the Choice Between Bus and Light Rail

Raffaele Grimaldi, Paolo Beria and Antonio Laurino

Journal of Transport Economics and Policy, 2014, vol. 48, issue 2, 219-239

Abstract: In the last 20 years light rail schemes have been introduced in many European cities. Previous studies indicate the benefits of these schemes seem to have been sometimes overestimated. This paper tries to understand the circumstances in which light rail schemes can be truly worthwhile compared to bus systems, by developing a simplified cost-benefit model. The proposed methodology is suitable for the early appraisal of any new urban light rail line and can be used specifically for comparative purposes. The paper finishes with some investment threshold nomograms and an application ex-post to a new tram line built in Italy. © 2014 LSE and the University of Bath

Date: 2014
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... 0140501)48:2L.219;1- (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Journal of Transport Economics and Policy is currently edited by B T Bayliss, S A Morrison, A Smith and D Graham

More articles in Journal of Transport Economics and Policy from University of Bath
Bibliographic data for series maintained by Christopher F. Baum ().

Page updated 2020-07-30
Handle: RePEc:tpe:jtecpo:v:48:y:2014:i:2:p:219-239