The provision of public transit is thought to reduce travel time losses that are due to car congestion. For this reason, it is economically justified to subsidise public transit from a welfare perspective as it creates a congestion-relief benefit. The main goal of this paper is to quantify the...

Urban transportation systems are at the cusp of a major transformation that capitalizes on the proliferation of the Internet-of-Things (IoT), autonomous and cooperative vehicular and intelligent roadway technologies, advanced traffic management systems, and big data analytics. The benefits of...