TY - JOUR
T1 - Does improving public transport decrease car ownership? Evidence from a residential sorting model for the Copenhagen metropolitan area
AU - Mulalic, Ismir
AU - Rouwendal, Jan
PY - 2020/7
Y1 - 2020/7
N2 - Car ownership is lower in urban areas, where public transport is of high quality. This suggests that better public transport offers the possibility to relieve the many problems (congestion, pollution, and parking) associated with the presence of cars in urban areas. To investigate this issue, we develop a model for the simultaneous choice of residential location and car ownership by households, and estimate it on Danish data, paying special attention to accessibility of the metro network. We use the estimated model to simulate the impact of an extension of the metro network. We show that for the Greater Copenhagen Area an extension of the metro network decreases car ownership by 2–3%, while the average compensating variation is approximately 3% of household income.
AB - Car ownership is lower in urban areas, where public transport is of high quality. This suggests that better public transport offers the possibility to relieve the many problems (congestion, pollution, and parking) associated with the presence of cars in urban areas. To investigate this issue, we develop a model for the simultaneous choice of residential location and car ownership by households, and estimate it on Danish data, paying special attention to accessibility of the metro network. We use the estimated model to simulate the impact of an extension of the metro network. We show that for the Greater Copenhagen Area an extension of the metro network decreases car ownership by 2–3%, while the average compensating variation is approximately 3% of household income.
KW - Car ownership
KW - Cost-benefit analysis
KW - Public transport
KW - Residential sorting
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U2 - 10.1016/j.regsciurbeco.2020.103543
DO - 10.1016/j.regsciurbeco.2020.103543
M3 - Article
AN - SCOPUS:85083654620
VL - 83
SP - 1
EP - 19
JO - Regional Science and Urban Economics
JF - Regional Science and Urban Economics
SN - 0166-0462
M1 - 103543
ER -