Research in Transportation Economics最新文献_第6页

What can empirical utility functions tell us about the value of a statistical life? 关于统计生命的价值，经验效用函数能告诉我们什么？

IF 4.6 3区工程技术

Research in Transportation Economics Pub Date : 2025-03-03 DOI: 10.1016/j.retrec.2025.101534

Rune Elvik

引用次数: 0

Transmission of oil price risk to airline stock returns: Evidence from China and the United States 油价风险对航空公司股票回报的传导：来自中国和美国的证据

IF 4.6 3区工程技术

Research in Transportation Economics Pub Date : 2025-03-01 DOI: 10.1016/j.retrec.2025.101532

Aziz Ullah , He Biao , Suleman Sarwar , Zhongshu Wu

{"title":"Transmission of oil price risk to airline stock returns: Evidence from China and the United States","authors":"Aziz Ullah , He Biao , Suleman Sarwar , Zhongshu Wu","doi":"10.1016/j.retrec.2025.101532","DOIUrl":"10.1016/j.retrec.2025.101532","url":null,"abstract":"<div><div>This paper focuses on analyzing the volatility spillover relationship between oil returns and the airline industries in G2 economies (China and the United States) during three major crisis events: U.S.-China trade tensions, COVID-19, and the Russia-Ukraine conflict. Using asymmetric DCC-GARCH, BEKK-GARCH, and continuous wavelet coherence analysis methods, the study examines how these crises impact the volatility between oil and airline stocks. The findings of BEKK-GARCH demonstrate that the oil market's past volatility negatively affected the Chinese airline stocks during COVID-19, with a similar effect observed for the USA during the Russian-Ukraine crisis. The optimal weights offer portfolio diversification during the recent war crises for both. Regarding hedging effectiveness, the airline industries benefit from including oil assets in their portfolios to mitigate risks. The wavelet coherence analysis shows a significant multi-waves in-phase (positive) co-movement for China. The oil-returns and China Xiamen Airline (OR-CHX) correlation is prominent during health and war crises. In the United States, except for OR-southwest Airline (SWT), the co-movement exhibited a counter-cyclical (negative) coherence at a medium scale. Based on these empirical findings, portfolio managers and policymakers should incorporate oil assets into their portfolios as a strategic measure to reduce risk.</div></div>","PeriodicalId":47810,"journal":{"name":"Research in Transportation Economics","volume":"110 ","pages":"Article 101532"},"PeriodicalIF":4.6,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143520374","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

Effects of building cycling infrastructure on bicycle use: Differences by gender through a longitudinal natural experiment study 自行车基础设施建设对自行车使用的影响：基于纵向自然实验的性别差异研究

IF 4.6 3区工程技术

Research in Transportation Economics Pub Date : 2025-02-23 DOI: 10.1016/j.retrec.2025.101531

Maite Pellicer-Chenoll, Laura Antón-González, Israel Villarrasa-Sapiña, Jose Devís-Devís, Luis-Millán González, Miquel Pans

{"title":"Effects of building cycling infrastructure on bicycle use: Differences by gender through a longitudinal natural experiment study","authors":"Maite Pellicer-Chenoll, Laura Antón-González, Israel Villarrasa-Sapiña, Jose Devís-Devís, Luis-Millán González, Miquel Pans","doi":"10.1016/j.retrec.2025.101531","DOIUrl":"10.1016/j.retrec.2025.101531","url":null,"abstract":"<div><div>Cycling as a mode of urban transportation is considerably more prevalent among men than women in many countries. One factor contributing to this gap is the perception of safety associated with cycling, particularly due to the lack of secure infrastructure. This study investigated the effect of constructing cycling infrastructure, specifically segregated bike lanes, on bicycle usage, with particular emphasis on gender discrepancies. Using data from Strava Metro, we analysed the change in bicycle usage in Valencia over a four-year period, both before and after the introduction of the new segregated bike lanes. The findings revealed a notable increase in the utilisation of segregated lanes, with a more significant impact observed among women than among men. The construction of this infrastructure appeared to influence a tangible increase in bicycle usage among women. These results underscore the importance of investing in a segregated cycling infrastructure to promote active transportation and mitigate gender disparities in bicycle usage.</div></div>","PeriodicalId":47810,"journal":{"name":"Research in Transportation Economics","volume":"110 ","pages":"Article 101531"},"PeriodicalIF":4.6,"publicationDate":"2025-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143471619","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

Precision scheduled railroading, demurrage, and shipper adjustments 精确安排铁路运输，滞期费和托运人调整

IF 4.6 3区工程技术

Research in Transportation Economics Pub Date : 2025-02-18 DOI: 10.1016/j.retrec.2025.101522

Elvis Ndembe

{"title":"Precision scheduled railroading, demurrage, and shipper adjustments","authors":"Elvis Ndembe","doi":"10.1016/j.retrec.2025.101522","DOIUrl":"10.1016/j.retrec.2025.101522","url":null,"abstract":"<div><div>This study examines the likely linkage between reported precision scheduled railroading PSR implementation and escalating demurrage using Class I freight railroad traffic and financial data between 2002 and 2017. Our empirical analysis shows that PSR operational changes have led to higher demurrage. PSR implementation is associated with an estimated 71 percent increase in total real demurrage per car mile. Results indicate that shippers have not adjusted to PSR related changes to mitigate the increasing burden of railcar delay charges. However, railroads billed shippers with privately-owned railcars an estimated 0.43% less in total real demurrage per car mile compared to shippers using railroad-owned freight cars. This suggests that shippers using privately-owned railcars have been able to mitigate part of the effects and changes imposed by PSR. Results show that Class I freight railroad demurrage and operational policies have differential effects on total real demurrage per car mile compared to the base railroad when controlling for PSR. Even though we do not attribute escalating demurrage entirely on PSR, overall, these results support the idea that PSR adoption contributes to the higher-than-normal demurrage billed to shippers for railcar related delays.</div></div>","PeriodicalId":47810,"journal":{"name":"Research in Transportation Economics","volume":"109 ","pages":"Article 101522"},"PeriodicalIF":4.6,"publicationDate":"2025-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143429008","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

Valuing improvements to bus universal accessibility for visually impaired users: A case study in Santiago, Chile 评估对视障用户的公共汽车普遍可达性的改进：智利圣地亚哥的案例研究

IF 4.6 3区工程技术

Research in Transportation Economics Pub Date : 2025-02-18 DOI: 10.1016/j.retrec.2025.101523

Nicolás Cabello , Patricia Galilea , Juan de Dios Ortúzar

{"title":"Valuing improvements to bus universal accessibility for visually impaired users: A case study in Santiago, Chile","authors":"Nicolás Cabello , Patricia Galilea , Juan de Dios Ortúzar","doi":"10.1016/j.retrec.2025.101523","DOIUrl":"10.1016/j.retrec.2025.101523","url":null,"abstract":"<div><div>While the implementation of public transport initiatives in various countries has significantly improved universal accessibility, it's important to note that they have primarily catered for individuals with physical disabilities. The needs and barriers of the visually impaired, a distinct population segment, have not received the same level of attention.</div><div>We examine three elements designed to improve universal bus accessibility for the visually impaired: <em>audio-visual information inside buses</em>, <em>auditory information outside buses</em>, and <em>bus standardization</em>, to contribute to the design and social evaluation of appropriate policies for this segment. We applied a stated choice survey, including perceptual indicators designed to assess the respondents' ability to move independently in the city. Information from 529 individuals allowed us to estimate hybrid choice models, incorporating two latent variables associated with respondents' independence (technological and mobility-wise).</div><div>We found that subjective valuations differed markedly for people with and without visual impairments and depended on gender, physical disability, occupation and car availability. Results suggest that the social worth of these measures could be substantial given the life span of urban buses. Our approach can be generalised to other countries/regions, with the potential for even higher valuations, as Santiago's public transport system is better than the norm.</div></div>","PeriodicalId":47810,"journal":{"name":"Research in Transportation Economics","volume":"110 ","pages":"Article 101523"},"PeriodicalIF":4.6,"publicationDate":"2025-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143427647","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

Horizontal port integrations under mixed ownership 混合所有制下的横向港口整合

IF 4.6 3区工程技术

Research in Transportation Economics Pub Date : 2025-02-12 DOI: 10.1016/j.retrec.2025.101520

Lili Xu , Yuntong Yin , Sang-Ho Lee

引用次数: 0

An importance-performance analysis of public transport to the university campus based on best-worst scaling 基于最佳-最差尺度的大学校园公共交通重要性-绩效分析

IF 4.6 3区工程技术

Research in Transportation Economics Pub Date : 2025-01-24 DOI: 10.1016/j.retrec.2025.101519

Javier Hernán Matas-Monroy , Juan Carlos Martín , Concepción Román

{"title":"An importance-performance analysis of public transport to the university campus based on best-worst scaling","authors":"Javier Hernán Matas-Monroy , Juan Carlos Martín , Concepción Román","doi":"10.1016/j.retrec.2025.101519","DOIUrl":"10.1016/j.retrec.2025.101519","url":null,"abstract":"<div><div>University campuses represent important transport attraction poles in cities due to the large number of students, faculty and administrative staff who commute to the campus daily. The campus location can significantly increase traffic around the area, especially during the class entry and exit times. Therefore, public transport systems are essential to facilitate access to the university campus worldwide, especially for students. This study aims to evaluate the level of importance and satisfaction with factors that affect public transport use among university students. In this context, a best-worst scaling experimental design is used to carry out an important performance analysis (IPA) of public transport services to university campuses in Gran Canaria by estimating a Mixed Logit model. Thus, it will be possible to determine what attributes should be prioritised when implementing policies for improving these services. The results showed that public transport managers and university authorities should primarily focus on providing direct services and improving punctuality and bus frequency. Our results also provide valuable insights into the search for the best policies that match students’ transport mobility preferences with the service provision.</div></div>","PeriodicalId":47810,"journal":{"name":"Research in Transportation Economics","volume":"109 ","pages":"Article 101519"},"PeriodicalIF":4.6,"publicationDate":"2025-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143101620","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 dominant factors of dividend policies: Capital needs or agency problems? —— An empirical study based on the introduction of high-speed rail in cities of China 股利政策的主导因素：资本需求还是代理问题？——基于中国城市高铁引进的实证研究

IF 4.6 3区工程技术

Research in Transportation Economics Pub Date : 2025-01-13 DOI: 10.1016/j.retrec.2025.101518

Dai Qinwen , Jia Fansheng , Su Weijian

{"title":"The dominant factors of dividend policies: Capital needs or agency problems? —— An empirical study based on the introduction of high-speed rail in cities of China","authors":"Dai Qinwen , Jia Fansheng , Su Weijian","doi":"10.1016/j.retrec.2025.101518","DOIUrl":"10.1016/j.retrec.2025.101518","url":null,"abstract":"<div><div>To regulate the dividend behavior of listed companies, it is essential to identify the dominant factors influencing dividend policies. The introduction of high-speed rail (HSR) in cities can enhance market accessibility, generating competition, growth and governance effects, thus providing an opportunity to address this issue. Using a sample of Chinese A-share listed companies, this study finds that list companies' cash dividend levels significantly decrease after the introduction of HSR in a city. This indicates that capital needs, rather than agency problems, are the dominant factor influencing the company's dividend policy. And the capital needs originate from competition effects rather than growth effects. Furthermore, this paper rules out potential interference from financing environment and governance effects. The findings support the capital needs hypothesis induced by competition effects and offer insights for regulating dividend policies of listed companies, promoting long-term stable and healthy development of the capital market.</div></div>","PeriodicalId":47810,"journal":{"name":"Research in Transportation Economics","volume":"109 ","pages":"Article 101518"},"PeriodicalIF":4.6,"publicationDate":"2025-01-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143101619","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

A novel comprehensive spatial accessibility indicator to capture the latent nature of accessibility in logistic warehouses 一种新的综合空间可达性指标，捕捉物流仓库可达性的潜在本质

IF 4.6 3区工程技术

Research in Transportation Economics Pub Date : 2025-01-09 DOI: 10.1016/j.retrec.2024.101517

Carlos David Pedrosa Pinheiro , Jesus Gonzalez Feliu , Bruno Vieira Bertoncini

{"title":"A novel comprehensive spatial accessibility indicator to capture the latent nature of accessibility in logistic warehouses","authors":"Carlos David Pedrosa Pinheiro , Jesus Gonzalez Feliu , Bruno Vieira Bertoncini","doi":"10.1016/j.retrec.2024.101517","DOIUrl":"10.1016/j.retrec.2024.101517","url":null,"abstract":"<div><div>The strategic positioning of warehouses is fundamental for mitigating urban freight transport challenges and advancing Sustainable Development Goals (SDGs), influencing both the volume and efficiency of freight movements. This study explores the relationship between spatial accessibility and warehouse location decisions, emphasising the integration of accessibility metrics in urban planning. By applying Exploratory Factor Analysis (EFA), we developed a comprehensive accessibility indicator that incorporates transportation infrastructure, land use patterns, temporal constraints, and individual stakeholder needs. Using Fortaleza, Brazil, as a case study, we assessed the spatial distribution of this indicator and its correlation with the density of large warehouses established. Our findings indicate a significant spatial relationship between high accessibility zones and warehouse locations, highlighting the indicator's effectiveness in guiding logistical operations and urban policy. The research underscores the importance of accessibility in fostering sustainable and equitable urban development, offering valuable insights for both public authorities and private logistics sectors in optimizing urban freight distribution.</div></div>","PeriodicalId":47810,"journal":{"name":"Research in Transportation Economics","volume":"109 ","pages":"Article 101517"},"PeriodicalIF":4.6,"publicationDate":"2025-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143101618","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

External environments and the growth of low-cost carriers in the Asia-Pacific region: A systematic review and future research agendas 外部环境与亚太地区低成本航空公司的发展：系统回顾与未来研究议程

IF 4.6 3区工程技术

Research in Transportation Economics Pub Date : 2025-01-08 DOI: 10.1016/j.retrec.2024.101515

Huan Wang , Kan Wai Hong Tsui , Hanjun Wu , Xiaowen Fu , Xuecheng Wang

引用次数: 0