Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/12550
Title: Modeling the effects of integrated rail and property development on the design of rail line services in a linear monocentric city
Authors: Li, ZC
Lam, WHK 
Wong, SC
Choi, K
Keywords: Households' residential location choices
Housing market
Integrated rail-property development
Linear monocentric city
Rail transit line
Urban land use
Issue Date: 2012
Publisher: Pergamon Press
Source: Transportation research. Part B, Methodological, 2012, v. 46, no. 6, p. 710-728 How to cite?
Journal: Transportation research. Part B, Methodological 
Abstract: This paper proposes a new model for investigating the effects of integrated rail and property development on the design of rail line services in a linear monocentric city, in which the property development rights at railway station areas are conferred to a private rail operator. The proposed model allows an explicit consideration of the interaction between two types of agents in the economy: (1) a private rail operator who seeks to optimize rail service variables-rail line length, number and spacing of stations, headway and fare-to maximize its own net profit, which is the sum of revenues from passenger fare-box and property development; and (2) households who choose the residential locations that maximize their own utilities subject to a budget constraint. The solution properties of the proposed model are analyzed, and a heuristic solution algorithm is presented. An illustrative example is used to show the application of the proposed model. The findings show that integrated rail and property development can change a city's land-use pattern and housing market (in terms of housing density, space, and price), and its economic viability is closely related to household income level and residential density of the city.
URI: http://hdl.handle.net/10397/12550
ISSN: 0191-2615
EISSN: 1879-2367
DOI: 10.1016/j.trb.2012.01.004
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