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Journal of Transport and Land Use

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Published

2008-07-11

Issue

Vol. 1 No. 1 (2008)

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Articles

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Authors who publish with JTLU agree to the following terms: 1) Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under Creative Commons Attribution-Noncommercial License 4.0 that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal. 2) Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal. 3) Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.

How to Cite

Elhorst, J. P., & Oosterhaven, J. (2008). Integral Cost-Benefit Analysis of Maglev Rail Projects Under Market Imperfections. Journal of Transport and Land Use, 1(1). https://doi.org/10.5198/jtlu.v1i1.12

Integral Cost-Benefit Analysis of Maglev Rail Projects Under Market Imperfections

J. Paul Elhorst

Department of Economics, University of Groningen, The Netherlands

Jan Oosterhaven

Department of Economics, University of Groningen, The Netherlands

DOI: https://doi.org/10.5198/jtlu.v1i1.12

Keywords: Magnetic levitation, cost-benefit analysis, market imperfections, The Netherlands

Abstract

This article evaluates a new mode of high speed ground transportation, the magnetic levitation rail system (Maglev). The outcomes of this evaluation provide policy information on the interregional redistribution of employment and population and the national welfare improvement of two Dutch urban-conglomeration and two Dutch core-periphery projects. This article also compares the results of an integral cost- benefit analysis with those of a conventional cost-benefit analysis and concludes that the additional economic benefits due to market imperfections vary from –1% to +38% of the direct transport benefits, depending on the type of regions connected and the general condition of the economy.

Author Biographies

J. Paul Elhorst, Department of Economics, University of Groningen, The Netherlands

associate professor in spatial economics

Jan Oosterhaven, Department of Economics, University of Groningen, The Netherlands

Professor of Spatial Economics

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The Journal of Transport and Land Use is published and sponsored by the University of Minnesota Center for Transportation Studies and is the official journal of the World Society for Transport and Land Use (WSTLUR).

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