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NYC-WTC_000187725

Label derived from the City's folder field. The City does not supply document titles.NYC-WTC_000187725–000187867
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NYC 9/11 Public Portal Document

99 Table 4.3 A 5% Decrease in All Subway Commuting Times And A Change in Time and Rent Elasticities: Change in Benefits for Two Elasticity Alternatives

Chanae in Benefits A =2.5 (from A = 1.8 in simulation 1) Time Elasticity = - 0.61 ( up from -0.383) Rent Elasticity = - 0.47 (up from -0.380)

Change of %change Benefit Level Share(%)

Housing Consumer Surplus $4,593,904,000/year 0.45 99.10 = $1,219/worker/year

Producer Surplus $32,794,276/year 0.32 0.71 = $8.9/house/year Total Rent $29,347,863/year 0.18 = $7.9/house/year Commercial Producer Surplus $8,858,332/year 1.14 0.19 = $0.05/sq ft/year Total Rent $13,275,665 $/year 1.14 = $0.076$/sq ft/year Total Benefit = $4,635,556,608/year = $1,229/worker/year = $1,257/house/year = $1.46/trip ■ J

CITY_21MC100_006662330

NYC-WTC_000187830

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NYC-WTC_000187830Source: NYC Law Department, mirrored locally

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