Monopoly Rents in Motorcycle Taxi Services in Bangkok, Thailand

2015 ◽  
Vol 2512 (1) ◽  
pp. 66-72 ◽  
Author(s):  
Apiwat Ratanawaraha ◽  
Saksith Chalermpong
Keyword(s):  
Rent Seeking ◽  
Rail Transit ◽  
Economic Rent ◽  
Value Capture ◽  
Transit Systems ◽  
Monopoly Rents ◽  
Operator Group ◽  
Bus Services ◽  
Motorcycle Taxi ◽  
Monopoly Rent

This paper examines the market for motorcycle taxi services in Bangkok, Thailand, in terms of economic rent and the effects of such rent on fares. Three sources of monopoly rent in motorcycle taxi services are identified. Locational rent is attributed to the level of accessibility that is specific to the location of a motorcycle taxi stand. Such locations are limited in terms of accessibility, with few locations that can be substituted with another. The quota rent is arbitrarily created by rent-seeking activities, that is, by setting a quota on the number of operators in each location. Territorial rent is created by restricting the service area for each operator group. Depending on the behavior of the so-called influential people, the monopoly can be either enforced or eroded. A regression analysis of fare data provides evidence that supports the hypothesis of locational and territorial rents. Locational rent decreases as a motorcycle taxi stand is located farther away from a rail transit station. Motorcycle taxi groups with demarcated territories command a fare premium, which may indicate territorial rent. Some stands enjoy a degree of monopoly where there are limited substitute feeder transport modes; stands located near bus stops also command a fare premium because of accessibility. This situation implies that bus services do not compete with motorcycle taxis but provide complementary services. The additional economic rent created by new transit systems is unfairly captured by operator groups and influential people. It is suggested that a competitive market be created for motorcycle taxi services, with value-capture measures that are intended to create a more efficient and fairer feeder transport system.

Emerging Value Capture Innovative Urban Rail Funding and Financing

2017 ◽  
pp. 1617-1632
Author(s):  
Satya Sai Kumar Jillella ◽  
Sitharam T G ◽  
Anne Matan ◽  
Peter Newman
Keyword(s):  
21St Century ◽  
Best Practice ◽  
Urban Rail Transit ◽  
Rail Transit ◽  
Value Capture ◽  
Transit Systems ◽  
Strategic Value ◽  
Urban Rail ◽  
The World ◽  
Capital Intensive

Urban rail transit is emerging around the world as a catalyzing developmental solution to enable 21st century sustainable cities. However, these transit systems are capital intensive and cities worldwide are seeking innovative funding and financing mechanisms. Recently, land based value capture (VC) mechanisms have emerged as a pioneering solution to fund urban rail projects. This chapter introduces the VC concept and provides global best practice. The chapter aims to help enhance the understanding and rationale behind VC approaches through assessing the transit impacted accessibility value proposition and various VC mechanisms to capture the value created. A six-step Strategic Value Capture (SVC) framework is proposed which offers a step-by-step guidance to help define the VC based urban rail transit funding and financing processes from VC planning to VC operations.

scholarly journals Innovative value capture based rail transit financing: an opportunity for emerging transit cities of India

2016 ◽  
Vol 1 (1) ◽  
Author(s):  
Satya Sai Kumar Jillella ◽  
Peter Newman
Keyword(s):  
Sustainable Development ◽  
Lessons Learned ◽  
Sustainable Growth ◽  
Rail Transit ◽  
Value Capture ◽  
Transit Systems ◽  
Key Issues ◽  
Key Driver ◽  
Indian Cities ◽  
Capital Intensive

Emerging cities of the 21st century are attempting to build rail transit as a key driver to maintain their city’s competitiveness and help catalyze livable and sustainable development opportunities around station areas. Indian cities are doing this in a big way with about 50 cities embracing urban metro rail transit systems. The rail projects are approved politically but need financing to build such highly capital-intensive rail transit systems. The use of value capture (VC) mechanisms is gaining momentum across cities worldwide as a solution to transit funding and financing. The first cities in India are now deploying various VC based financing mechanisms. This paper therefore aims to review the experiences of VC based innovative financing practices in selected Indian cities. The research summarizes the key issues and lessons learned from these experiences to help define the way forward. The paper finally concludes that VC prac-tices in India are still at an embryonic stage but the results are encouraging with huge untapped potential to co-create rail transit centered sustainable growth. Moreover, the review findings and lessons learned will help enhance the understanding of the challenges in emerging transit cities of developing countries.

Emerging Value Capture Innovative Urban Rail Funding and Financing

2016 ◽  
pp. 130-145
Author(s):  
Satya Sai Kumar Jillella ◽  
Sitharam T G ◽  
Anne Matan ◽  
Peter Newman
Keyword(s):  
21St Century ◽  
Best Practice ◽  
Urban Rail Transit ◽  
Rail Transit ◽  
Value Capture ◽  
Transit Systems ◽  
Strategic Value ◽  
Urban Rail ◽  
The World ◽  
Capital Intensive

Urban rail transit is emerging around the world as a catalyzing developmental solution to enable 21st century sustainable cities. However, these transit systems are capital intensive and cities worldwide are seeking innovative funding and financing mechanisms. Recently, land based value capture (VC) mechanisms have emerged as a pioneering solution to fund urban rail projects. This chapter introduces the VC concept and provides global best practice. The chapter aims to help enhance the understanding and rationale behind VC approaches through assessing the transit impacted accessibility value proposition and various VC mechanisms to capture the value created. A six-step Strategic Value Capture (SVC) framework is proposed which offers a step-by-step guidance to help define the VC based urban rail transit funding and financing processes from VC planning to VC operations.

scholarly journals Impact of Urban Rail Transit Network on Residential and Commercial Land Values in China: A Complex Network Perspective

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-11
Author(s):  
Shiping Wen ◽  
Jiangang Shi ◽  
Wei Zhang
Keyword(s):  
Complex Network ◽  
Urban Rail Transit ◽  
Clustering Coefficient ◽  
Rail Transit ◽  
Value Capture ◽  
Effective Measure ◽  
Transit Network ◽  
Land Prices ◽  
Urban Rail ◽  
Urban Rail Transit Network

Urban rail transit can improve a city’s accessibility. However, high construction and operation costs restrict the development of urban rail transit. Value capture recoups the additional value that the investments of urban rail transit confer to local land and is considered to be an effective measure to alleviate this financial problem. Understanding the land value uplift effects of urban rail transit is essential for understanding value capture. This study applied a Space-P model of urban rail transit network based on complex network theory and demonstrated the influence of urban rail transit network characteristics on residential and commercial land prices. The model was tested with eight metropolises in China, using the 2003 to 2022 timeframe as the context. The results showed a significant positive correlation between the number of nodes and the land prices, the average clustering coefficient was highly positively correlated with the land prices, and there was a significant negative correlation between the average path length and the land prices. This study provides theoretical support for value capture, is beneficial for urban rail transit planning, and supports improvements in the development quality of urban rail transit networks.

Finite Element Analysis of Rail-End Bolt Hole and Fillet Stress on Bolted Rail Joints

2017 ◽  
Vol 2607 (1) ◽  
pp. 33-42 ◽  
Author(s):  
Kaijun Zhu ◽  
Yu Qian ◽  
J. Riley Edwards ◽  
Bassem O. Andrawes
Keyword(s):  
Finite Element ◽  
Vertical Displacement ◽  
Rail Transit ◽  
Rail Transportation ◽  
Element Analysis ◽  
Transit System ◽  
Transit Systems ◽  
Service Failures ◽  
The University ◽  
Continuously Welded Rail

A rail joint typically is one of the weakest elements of a track superstructure, primarily because of discontinuities in its geometric and mechanical properties and the high-impact loads induced by these discontinuities. The development of continuously welded rail has significantly reduced the number of rail joints, but many bolted joints remain installed in rail transit systems. Because of the unique loading environment of a rail transit system (especially high-frequency, high-repetition loads), defects related to bolted rail joints (e.g., joint bar failures, bolt hole cracks, and cracks in the upper fillet) continue to cause service failures and can pose derailment risks. Recent research in the Rail Transportation and Engineering Center at the University of Illinois at Urbana–Champaign has focused on investigating crack initiation in the bolt hole and fillet areas of bolted rail joints. Stress distribution was investigated at the rail-end bolt hole and upper fillet areas of standard, longer, and thicker joint bars under static loading conditions. Numerical simulations were organized into a comprehensive parametric analysis performed with finite element modeling. Preliminary results indicated that the longer joint bar performed similarly to the standard joint bar but the thicker joint bar reduced rail vertical displacement and rail upper fillet stresses compared with the standard joint bar. However, the thicker joint bar also may generate higher stresses at the rail-end bolt hole. Additionally, joint bar performance was dependent on the rail profile and bolt hole location.

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