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Consumer’s Surplus: An Equity Measure of High Speed Rail Investments

Department of Civil, Architectural and Environmental Engineering, University of Naples Federico II, 80121 Naples, Italy
Academic Editor: Georgina Santos
Sustainability 2021, 13(8), 4537; https://doi.org/10.3390/su13084537
Received: 12 March 2021 / Revised: 14 April 2021 / Accepted: 15 April 2021 / Published: 19 April 2021
(This article belongs to the Special Issue High-Speed Rail, Equity, and Inclusion)
An economic analysis identifies, measures, and compares the costs and benefits of alternative interventions, with the objective of supporting decisions concerning the best use of limited resources. The cost benefit analysis (CBA) has played a significant role within the entire decision-making process, and is the principal assessment methodology. In recent years, equity issues in relation to transportation planning have become a hot topic at an international level. In this paper, the objective was to integrate equity within the evaluation of transport projects, specifically high speed rail projects. Here, consumer surplus is conceived as a monetized measure of both direct and indirect benefits for all zones, and for all socioeconomic categories served and not served by HSR, respectively. The added value of this paper is in rethinking these two shares in the computation of the total net present value as equity measures of the project itself. Specifically, the distribution of the HSR benefits among the different groups or zones in a given study area can be computed, and a comparison of the values for each zone of the study area and for each category makes it possible to assess the effects of equity between zones/categories. View Full-Text
Keywords: economic evaluation; cost benefit analysis; equity analysis; high speed rail economic evaluation; cost benefit analysis; equity analysis; high speed rail
MDPI and ACS Style

Pagliara, F. Consumer’s Surplus: An Equity Measure of High Speed Rail Investments. Sustainability 2021, 13, 4537. https://doi.org/10.3390/su13084537

AMA Style

Pagliara F. Consumer’s Surplus: An Equity Measure of High Speed Rail Investments. Sustainability. 2021; 13(8):4537. https://doi.org/10.3390/su13084537

Chicago/Turabian Style

Pagliara, Francesca. 2021. "Consumer’s Surplus: An Equity Measure of High Speed Rail Investments" Sustainability 13, no. 8: 4537. https://doi.org/10.3390/su13084537

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