Access Surplus: Valuing Accessibility by Integrating Opportunity Supply and Willingness to Pay.

Recently published: Abstract: We introduce Access Surplus as a welfare measure that frames accessibility in a market-like form: the inverse cumulative cost to reach the next opportunity is the ‘supply,’ and the willingness to pay for one more choice is the ‘demand.’ The area where demand exceeds supply, up to a natural stop point, is … Continue reading Access Surplus: Valuing Accessibility by Integrating Opportunity Supply and Willingness to Pay.