Rail

While transportation funding can be collected in a variety of direct (e.g., fares, tolls, and gas taxes) or indirect (e.g., property and sales tax) ways, dynamic demand responsive pricing not only collects revenue but also incentivizes travelers to avoid peak-demand periods, thus utilizing infrastructure capacity more efficiently. Unfortunately, the demand response to price changes, called the price elasticity of demand, is generally greater for longer-term travel planning (e.g., air and rail travel) than it is for more atomized short-term planning (e.g., highway tolls and transit fares)....

The formation of new firms is one process by which economies grow and innovate. Public transportation services may facilitate the birth of new firms by both providing better access and causing local densification that leads to agglomeration economies. In this study firm births are investigated to determine how they are related to newly provided light rail transit service in two metropolitan areas in the United States. A geocoded time-series database of firm establishments in Dallas, Texas, and Portland, Oregon, from 1991 through 2008 is used. The data set allows the study of spatial...

Economic benefits are sometimes used to justify transport investments. Such was the case with the River Line of southern New Jersey, USA, which broke ground in 2000 and began operating in 2004. Recently, the line has been performing near full capacity and there is evidence that it has spurred development. Disaggregate data on owned-home appreciation are used to investigate the initial economic impacts of the line, looking carefully at non-linearity in the appreciation gradient, differential effects of station ridership and parking, redistribution of property appreciation gains and...

Problem, research strategy, and findings: Transit-oriented developments (TODs) often consist of new housing near rail stations. Channeling urban growth into such developments is intended in part to reduce the climate change, pollution, and congestion caused by driving. But new housing might be expected to attract more affluent households that drive more, and rail access might have smaller effects on auto ownership and use than housing tenure and size, parking availability, and the neighborhood and subregional built environments. I surveyed households in northern New Jersey living within...