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preferences for waiting times, travel times, and transfers. We study these tradeoffs by examining the world's largest bus rapid … and aggregate travel flows from smartphone data, we analyze how new direct connections, changes in bus travel time, and … the route launches. Commuters in Jakarta are 2-4 times more sensitive to wait time compared to time on the bus, and …
Persistent link: https://www.econbiz.de/10014322757
delivering key services. To understand the productivity both over time and across space, we examine public bus service, which … across transit agencies in the operating cost per bus mile with the highest being more than three times as high as the lowest … result in cost savings of $5.7 billion in 2011 and that the gain in economic efficiency from more closely aligning bus fares …
Persistent link: https://www.econbiz.de/10012456586
irresponsive to fuel price changes. To understand this finding, we build a model of bus fleet management decisions of local transit … purchasing buses primarily from a few domestic bus makers. Unlike private vehicles, the fuel economy of public buses is … agencies that yields testable hypotheses. Our empirical analysis of bus fleet turnover and capital investment suggests that …
Persistent link: https://www.econbiz.de/10012458700
Panel or grouped data are often used to allow for unobserved individual heterogeneity in econometric models via fixed effects. In this paper, we discuss identification of a panel data model in which the unobserved heterogeneity both enters additively and interacts with treatment variables. We...
Persistent link: https://www.econbiz.de/10014322772
Least squares regression with heteroskedasticity consistent standard errors ("OLS-HC regression") has proved very useful in cross section environments. However, several major difficulties, which are generally overlooked, must be confronted when transferring the HC technology to time series...
Persistent link: https://www.econbiz.de/10014576582
towards motor vehicle taxes based on car use. Ownership taxes reduce the number of cars on the road, leaving the price per … trip largely unaffected. Use taxes such as fuel taxes and road use charges decrease the price of trips without necessarily … but have lower variable costs per trip (including convenience costs) then bus trips. Using a calibrated numerical model …
Persistent link: https://www.econbiz.de/10012470446
Public transit accounts for only 1% of U.S. passenger miles traveled but nevertheless attracts strong public support. Using a simple choice model, we predict that transit riders are likely to be individuals who commute along routes with the most severe roadway delays. These individuals' choices...
Persistent link: https://www.econbiz.de/10012459904
We propose a theory-inspired measure of the accessibility of a city's center: the size of the surrounding area from which it can be reached within a specific time. Using publicly available optimal-routing software, we compute these "accessibility zones" for the 109 largest US and European...
Persistent link: https://www.econbiz.de/10013537771
product markets. We find that changes in firms' marginal costs and households' price sensitivity are the primary drivers of …
Persistent link: https://www.econbiz.de/10014287331
subsequent reinstatement, of the 5% gasoline sales tax in Illinois and Indiana following a temporary price spike in the spring of …
Persistent link: https://www.econbiz.de/10012466402