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NYC-WTC_000187725
Label derived from the City's folder field. The City does not supply document titles.NYC-WTC_000187725–000187867Page image
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OCR status: ok · source: pdftotext
NYC 9/11 Public Portal Document
100 Table 4.3 (Continued) Change in Benefits B=0.05 (from fi=0.25 in simulation 1) Time Elasticity = - 0.48 ( up from -0.383J Rent Elasticity 0.57 ( up from -0.380)
Change of %change Benefit Level Share(%)
Housing Consumer Surplus $1,758,283,000/year 0.19 96.01 = $466/worker/year Producer Surplus $65,358,090/year 0.60 3.57 = $17.7/house/year Total Rent $61,081,082/year 0.36 = $16.5/house/year Commercial Producer Surplus $7,604,550/year 0.72 0.42 = $0.04/sq ft/year Total Rent $ll,396,669/year 0.72 = $0.066/sq ft/year Total Benefit = $1,831,245,640/year = $486/worker/year = $496/house/year = $0.54/trip
Eguilibrium Simulation 2: A Decrease in Transit and Shopping Times In this simulation, the 5% decrease in travel times is applied to the subway commuting times as well as to all non-auto modes of shopping travel. Aggregate benefits are, of course, higher. The sum of the two producer surpluses is approximately the same as in the first simulation, except that the share of the commercial producer surplus is larger than before. All results are shown for mode splits, change in housing rents, change in commercial rents, and change in benefits.
CITY_21MC100_006662331
NYC-WTC_000187831
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NYC-WTC_000187831Source: NYC Law Department, mirrored locally
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