Economics of Transportation最新文献

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The impact of Airport business practices and governance forms on excess capacity 机场业务实践和治理形式对过剩产能的影响
IF 2.8 3区 工程技术
Economics of Transportation Pub Date : 2024-03-14 DOI: 10.1016/j.ecotra.2024.100353
Fecri Karanki, Volodymyr Bilotkach
{"title":"The impact of Airport business practices and governance forms on excess capacity","authors":"Fecri Karanki,&nbsp;Volodymyr Bilotkach","doi":"10.1016/j.ecotra.2024.100353","DOIUrl":"https://doi.org/10.1016/j.ecotra.2024.100353","url":null,"abstract":"<div><p>Excess capacity poses a persistent challenge for airports as they often encounter lumpy capacity problems. The excess capacity is primarily influenced by factors such as uncertain demand, airline competition, airport pricing strategies, and the market structure of the airport industry. However, airport business practices also account for this issue. Using data from 59 U.S. airports between 2009 and 2019, we found that residual airports have less unused capacity than compensatory airports. This can be explained by the control of signatory airlines over the residual airports’ investment decisions and the lack of retained earnings under the residual agreement. We did not detect a significant difference in excess capacity between single-purpose and multipurpose governance forms. However, it is noteworthy that large hub airports exhibit higher capacity utilization compared to medium hub airports. Airports dominated by LCCs have higher capacity utilization rates, while the unused capacity remains consistent between cargo and non-cargo airports.</p></div>","PeriodicalId":45761,"journal":{"name":"Economics of Transportation","volume":"38 ","pages":"Article 100353"},"PeriodicalIF":2.8,"publicationDate":"2024-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140133836","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The innovation effects of transportation infrastructure: Evidence from highways in China 交通基础设施的创新效应:来自中国高速公路的证据
IF 2.8 3区 工程技术
Economics of Transportation Pub Date : 2024-03-10 DOI: 10.1016/j.ecotra.2024.100352
Ning Mao , Weizeng Sun , Liuqin Zhang
{"title":"The innovation effects of transportation infrastructure: Evidence from highways in China","authors":"Ning Mao ,&nbsp;Weizeng Sun ,&nbsp;Liuqin Zhang","doi":"10.1016/j.ecotra.2024.100352","DOIUrl":"https://doi.org/10.1016/j.ecotra.2024.100352","url":null,"abstract":"<div><p>Whether the improvement of transportation infrastructure could enhance the innovation output of firms has attracted attention worldwide. However, evidence from the micro firm level, especially in developing countries, are still scarce. This paper takes the construction of highways in China as a quasi-natural experiment and demonstrate that transportation infrastructure significantly facilitates the innovation output of local firms. Further analysis demonstrates that the innovation effect has three channels: reducing labor wage distortion, easing firm financing constraints, and promoting knowledge spillover. Among them, the key channel is the knowledge spillover effect, especially that from downstream of the value chain. The heterogeneity analysis shows that highway expansion has larger effect on the innovation output of domestic invested firms (including state-owned and private firms), large-scale firms, and knowledge-intensive firms.</p></div>","PeriodicalId":45761,"journal":{"name":"Economics of Transportation","volume":"38 ","pages":"Article 100352"},"PeriodicalIF":2.8,"publicationDate":"2024-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140069466","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The impact of regulatory level of the aggregation platforms on the ride-sourcing market with heterogeneous travelers 聚合平台监管水平对异质旅行者乘车外包市场的影响
IF 2.8 3区 工程技术
Economics of Transportation Pub Date : 2024-02-17 DOI: 10.1016/j.ecotra.2024.100343
Gege Jiang , Xin Zhang , Manzi Li , Chuanyao Li
{"title":"The impact of regulatory level of the aggregation platforms on the ride-sourcing market with heterogeneous travelers","authors":"Gege Jiang ,&nbsp;Xin Zhang ,&nbsp;Manzi Li ,&nbsp;Chuanyao Li","doi":"10.1016/j.ecotra.2024.100343","DOIUrl":"https://doi.org/10.1016/j.ecotra.2024.100343","url":null,"abstract":"<div><p>In recent years, aggregation platforms in the ride-sourcing (RS) market, such as Gaode, Meituan, and Baidu, have integrated the RS services offered by multiple independent RS companies. The emergence of aggregation platforms can alleviate the problem of market fragmentation. However, the poor regulatory level of the aggregation platform poses numerous issues, such as low vehicle and driver compliance rates, prominent safety hazards, and difficulty for passengers to claim their rights, which distract passengers to a great extent. Thus, this paper proposes an optimization model that considers the impact of the regulatory level of the aggregation platform on heterogeneous travelers. At the uppermost level, the aggregation platform determines the appropriate regulatory level and charges RS companies a commission fee. In the middle level, RS companies determine the optimal trip fare. The travel choice of customers is modeled as the lowest level. The study provides reference to regulate the aggregation platforms.</p></div>","PeriodicalId":45761,"journal":{"name":"Economics of Transportation","volume":"37 ","pages":"Article 100343"},"PeriodicalIF":2.8,"publicationDate":"2024-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2212012224000029/pdfft?md5=aa0f69359d0c9706c3e94e6cd9a32452&pid=1-s2.0-S2212012224000029-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139749130","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The economics of regional railway regulation under vertical separation 纵向分离下的区域铁路监管经济学
IF 2.8 3区 工程技术
Economics of Transportation Pub Date : 2024-01-31 DOI: 10.1016/j.ecotra.2024.100344
Antonio Scialà , Francesca Stroffolini
{"title":"The economics of regional railway regulation under vertical separation","authors":"Antonio Scialà ,&nbsp;Francesca Stroffolini","doi":"10.1016/j.ecotra.2024.100344","DOIUrl":"https://doi.org/10.1016/j.ecotra.2024.100344","url":null,"abstract":"<div><p>We provide a model of local railway passengers service able to account for the main specific characteristics of the sector under vertical separation. Afterwards, we use this model to carry out both a normative analysis of the operators’ investment decisions and an assessment of the welfare effects of simple regulatory instruments. We show that, because of the information asymmetry of train operating company about the productivity of the infrastructure manager, the introduction of a regulatory instrument inducing the former to internalize the effect of her investment on the latter’s cost of providing access may be welfare reducing.</p></div>","PeriodicalId":45761,"journal":{"name":"Economics of Transportation","volume":"37 ","pages":"Article 100344"},"PeriodicalIF":2.8,"publicationDate":"2024-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2212012224000030/pdfft?md5=8625aa177089b651a3ff34a4fdf214d7&pid=1-s2.0-S2212012224000030-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139653336","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The effect of front-end vehicle height on pedestrian death risk 车头高度对行人死亡风险的影响
IF 2.8 3区 工程技术
Economics of Transportation Pub Date : 2024-01-19 DOI: 10.1016/j.ecotra.2024.100342
Justin Tyndall
{"title":"The effect of front-end vehicle height on pedestrian death risk","authors":"Justin Tyndall","doi":"10.1016/j.ecotra.2024.100342","DOIUrl":"https://doi.org/10.1016/j.ecotra.2024.100342","url":null,"abstract":"<div><p>Pedestrian deaths in the US have risen in recent years. Concurrently, US vehicles have increased in size, which may pose a safety risk for pedestrians. In particular, the increased height of vehicle front-ends may present a danger for pedestrians in a crash, as the point of vehicle contact is more likely to occur at the pedestrian’s chest or head. I merge US crash data with a public data set on vehicle dimensions to test for the impact of vehicle height on the likelihood that a struck pedestrian dies. After controlling for crash characteristics, I estimate a 10 cm increase in the vehicle’s front-end height is associated with a 22% increase in fatality risk. I estimate that a cap on front-end vehicle heights of 1.25 m would reduce annual US pedestrian deaths by 509.</p></div>","PeriodicalId":45761,"journal":{"name":"Economics of Transportation","volume":"37 ","pages":"Article 100342"},"PeriodicalIF":2.8,"publicationDate":"2024-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2212012224000017/pdfft?md5=6008f81796447ff9038f42c9527f7ace&pid=1-s2.0-S2212012224000017-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139503357","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Liberalizing passenger rail: The effect of competition on local unemployment 铁路客运自由化:竞争对地方失业的影响
IF 2.8 3区 工程技术
Economics of Transportation Pub Date : 2023-11-16 DOI: 10.1016/j.ecotra.2023.100334
Ondřej Badura , Aleš Melecký , Martin Melecký
{"title":"Liberalizing passenger rail: The effect of competition on local unemployment","authors":"Ondřej Badura ,&nbsp;Aleš Melecký ,&nbsp;Martin Melecký","doi":"10.1016/j.ecotra.2023.100334","DOIUrl":"https://doi.org/10.1016/j.ecotra.2023.100334","url":null,"abstract":"<div><p>Competitive passenger rail can help people access new or better jobs or bring new business opportunities. This paper studies the wider economic impacts on local unemployment of the liberalized passenger rail between Ostrava, the third-biggest city in the Czech Republic, and Prague, its capital. The local impacts are estimated at the LAU 1 level (administrative districts) using the event study and difference-in-differences method. The liberalization motivated the entry of two new private providers to compete with the public provider. The resulting competition in ticket prices, the number of connections, and service quality had a strong beneficial effect on labor market connectivity and business opportunities in connected districts. It significantly reduced unemployment in the districts along the rail line compared with the control districts. The effect, however, weakens with the level of urbanization of the treated district and with the distance from the rail. It could partly be transmitted through better skill matching on the back of higher inward and outward migration, higher firm entry and lower firm exit from the local market, as well as more business opportunities for self-employed entrepreneurs.</p></div>","PeriodicalId":45761,"journal":{"name":"Economics of Transportation","volume":"36 ","pages":"Article 100334"},"PeriodicalIF":2.8,"publicationDate":"2023-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134656278","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
When do traffic reports make traffic better? 什么时候交通报告能改善交通状况?
IF 2.8 3区 工程技术
Economics of Transportation Pub Date : 2023-09-30 DOI: 10.1016/j.ecotra.2023.100333
Jim Wiseman , Thomas Wiseman
{"title":"When do traffic reports make traffic better?","authors":"Jim Wiseman ,&nbsp;Thomas Wiseman","doi":"10.1016/j.ecotra.2023.100333","DOIUrl":"https://doi.org/10.1016/j.ecotra.2023.100333","url":null,"abstract":"<div><p>We present a simple dynamic traffic model to study whether public information about road conditions increases or decreases travel times. We find that the effect depends on comparing (1) the increase in travel time when a road with a pre-existing delay becomes congested, and (2) the corresponding increase on a road with no pre-existing delay. Traffic reports are helpful when the first value is large relative to the second. Surprisingly, they are less useful when total road capacity is sufficient to potentially accommodate all drivers without congestion. In that case, traffic reports are always harmful in the nonatomic limit as individual drivers become negligible.</p></div>","PeriodicalId":45761,"journal":{"name":"Economics of Transportation","volume":"36 ","pages":"Article 100333"},"PeriodicalIF":2.8,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49703760","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Post privatization of high-speed rail with corporate social responsibility (CSR) in an international transportation market: Mandatory CSR versus voluntary CSR 高速铁路私有化后与国际运输市场中的企业社会责任:强制性企业社会责任vs自愿性企业社会责任
IF 2.8 3区 工程技术
Economics of Transportation Pub Date : 2023-09-01 DOI: 10.1016/j.ecotra.2023.100323
Lili Xu , Qinghong Zhao , Yuyan Chen , Sang-Ho Lee
{"title":"Post privatization of high-speed rail with corporate social responsibility (CSR) in an international transportation market: Mandatory CSR versus voluntary CSR","authors":"Lili Xu ,&nbsp;Qinghong Zhao ,&nbsp;Yuyan Chen ,&nbsp;Sang-Ho Lee","doi":"10.1016/j.ecotra.2023.100323","DOIUrl":"10.1016/j.ecotra.2023.100323","url":null,"abstract":"<div><p>This study considers an international transportation market wherein a high-speed rail (HSR) firm engaging in corporate social responsibility (CSR) competes with both domestic and foreign airlines with differentiated services. We investigate and compare two CSR types, mandatory CSR, imposed by the government, and voluntary CSR, chosen by the HSR operator, and show that mandatory CSR can be lower or higher than voluntary CSR, depending on the transportation subsidy types offered. With uniform subsidies, mandatory CSR together with a higher subsidy is lower than voluntary CSR, which yields higher profits for domestic firms and higher social welfare, while the opposite result can be found with discriminatory subsidies. We further explore the welfare effect of HSR privatization policies with CSR activities. We find that irrespective of the CSR types and subsidy types, privatization with subsidies always improves social welfare; however, privatization with mandatory (voluntary) CSR improves (reduces) social welfare in the absence of subsidies. These findings suggest that post-privatization with CSR activities may be harmful to society without an appropriately designed subsidy policy and should be monitored by antitrust agencies.</p></div>","PeriodicalId":45761,"journal":{"name":"Economics of Transportation","volume":"35 ","pages":"Article 100323"},"PeriodicalIF":2.8,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44452304","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Revisiting the Pigouvian tax in urban roads: Housing supply restrictions, leaking profits and spatial inequality 重新审视城市道路中的庇古税:住房供应限制、利润泄漏与空间不平等
IF 2.8 3区 工程技术
Economics of Transportation Pub Date : 2023-09-01 DOI: 10.1016/j.ecotra.2023.100324
Ioannis Tikoudis
{"title":"Revisiting the Pigouvian tax in urban roads: Housing supply restrictions, leaking profits and spatial inequality","authors":"Ioannis Tikoudis","doi":"10.1016/j.ecotra.2023.100324","DOIUrl":"10.1016/j.ecotra.2023.100324","url":null,"abstract":"<div><p>I examine road taxes in a polycentric city where congestion coexists with housing supply restrictions. Despite the quantity distortion that housing supply constraints cause, I show that the socially optimal tax for using a road is still its marginal external cost. However, the artificial housing scarcity generates potential profits, which are either accrued by the construction sector or absorbed by raising land prices. If land rents and developer profits are not fully recycled within the urban area, the Pigouvian road tax ceases to maximize the welfare of that area. To maximize local welfare, road tolls should then lie below (above) their Pigouvian level insofar as they increase (decrease) housing demand in areas where supply cannot be adjusted upwards. I derive analytical formulas for the impact of other spatially relevant aspects on the optimal road tax. Property taxes and spatially invariant lump-sum transfers can both render the Pigouvian rule for taxing road externalities suboptimal.</p></div>","PeriodicalId":45761,"journal":{"name":"Economics of Transportation","volume":"35 ","pages":"Article 100324"},"PeriodicalIF":2.8,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44203986","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Do increased speeding fines save lives? 增加超速罚款能拯救生命吗?
IF 2.8 3区 工程技术
Economics of Transportation Pub Date : 2023-06-01 DOI: 10.1016/j.ecotra.2023.100311
Jane M. Fry
{"title":"Do increased speeding fines save lives?","authors":"Jane M. Fry","doi":"10.1016/j.ecotra.2023.100311","DOIUrl":"10.1016/j.ecotra.2023.100311","url":null,"abstract":"<div><p>On 24 April 2017, fines for the most serious speeding offences increased from 100% to 150% of relevant weekly income in England and Wales. In this paper we establish whether this policy saved lives. Using data on all road accidents reported to police we evaluate the effects of this increased financial penalty using a two-year bandwidth and applying Regression Discontinuity in Time and Difference-in-Difference methods. Overall, we find no evidence of reduced serious or fatal accidents following the policy, indicating most drivers are not significantly changing their risky behaviours when confronted with higher penalties. There is, however, some evidence of fewer accidents in more economically advantaged areas. This suggests that drivers are responding to the amount of the fine increase rather than the income share and wealthier drivers are therefore more affected.</p></div>","PeriodicalId":45761,"journal":{"name":"Economics of Transportation","volume":"34 ","pages":"Article 100311"},"PeriodicalIF":2.8,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44542719","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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