Xu, M and Grant-Muller, SM (2017) Tradable Credits Scheme on Urban Travel Demand: A Linear Expenditure System Approach and Simulation in Beijing. Transportation Research Procedia, 25. pp. 2938-2952. ISSN 2352-1465
Abstract
Using a linear expenditure system (LES) approach, we investigate the influences of a new mobility management measure, a tradable credits scheme (TCS), on the pattern of daily trips measured in kilometres. Generally, we assume that an individuals’ travel consists of a car mode and a non-car mode. The effects of the TCS are discussed from a microeconomic perspective and using a scenario simulation study for the municipality of Beijing. Whilst other research has shown that travellers trade their credits and are generally inclined to non-car mode, the implementation of the tradable credits scheme demonstrated here is that travellers are likely to restrain their use of both car and non-car travel modes. Furthermore, both car and non-car mode trips are shown to be price inelastic, whilst the cross-price elasticity for different districts demonstrates a complementary relationship between car and bus modes.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | (c) 2017, The Author(s). Published by Elsevier B.V. This is an open access article under the terms of the Creative Commons Attribution Non-Commercial No Derivatives License CC BY-NC-ND [https://creativecommons.org/licenses/by-nc-nd/4.0/] |
Keywords: | Tradable credits scheme; Linear expenditure system; Transport policy; Mode choice; Welfare analysis |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Environment (Leeds) > Institute for Transport Studies (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 13 Jun 2017 15:23 |
Last Modified: | 05 Oct 2017 16:12 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.trpro.2017.05.183 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:117733 |