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Item Restricted Impact of proximity to light rail (LRT-1, LRT-2, and MRT) stations on property prices in Quezon City(2018-05-04) Ballar, Kier Jesse D. ; Geslani, David P.The “Build Build Build” program of the current administration has led to questions about the effects of mass transit infrastructure on surrounding properties and whether they present a boon or bane for property owners. We explore the link between property prices and distance to light rail stations using a hedonic model of property pricing. Using data gathered from the Quezon City Assessment Records Office, the 2016 Survey of Business and Industry, and the 2015 Census of the Population, we estimate the effect of distance to light rail stations on the market price of properties. We found that being within a one-kilometer proximity to light rail stations brought with it discounts depending on the rail system and property classification in question. We believe that the results of this research may be of aid in the planning and development of urban spaces in and around light rail stations in Metro Manila.Item Restricted The impact of oil prices on Metro Rail Transit ridership(2012-04) Maranan, Jose Karlo R.; Ng, Kyle MAtthew T.; Pernia, Ernesto M.Metro Rail Transit has experienced a steady increase in ridership through the years leading to congestion in its trains. Concurrently, oil products consumers suffer from rising oil prices. In this light, we aim to analyze the behavior of both current and potential MRT commuters with respect to the increasing oil prices. To this end, we conducted an extensive review of relevant literature and gathered · empirical data for econometric analysis. Our analysis looks into the effects of oil prices and other variables on MRT ridership. Lagged values of variables were included to detect the reaction of commuters to changing prices. Our results show that the commuters' behavior is barely affected by changes in oil prices. Lagged income and prices appear significant in determining transport demand. Furthermore, price or tax policies have no considerable effect on congestion, given the rapid increase in the commuting population, and it may only burden the citizenry in the short run. Still, they are needed to reduce government subsidies and generate revenue to expand capacity and improve service.Item Restricted Impact of the metro rail transit 3 (MRT-3) on commercial land value(2006-10) Calalang, Michael Louis E.; Torres, Florian Cecil A.; Tan, EditaTransit-oriented development (TOD) has gained favor as a means of reducing traffic congestion, promoting affordable housing, and curbing sprawl- issues that have attracted much of urban planners' and private developers' attention. It suggests that the growth of the urban structure, in most part, should rely on public transit and should induce shifts in land-use leading to more compact and denser activities near stations. The study tries to observe whether rail transit station benefits vary along with the levels of activity within the area. It examines commercial zones distributed among the thirteen Metro Rail Transit (MRT-3) stations, within distances ranging from 0 to 1000-meters. Commercial zones within 500-meters from an MRT station have higher land values than those beyond 500-meters. Further analyses using hedonic price models and econometric methods confirm the significance of the proximity to an MRT station to commercial land values. MRT stations benefit a number of destinations that can be reached from the MRT but at different rates depending on an area's density and centrality. Areas belonging to subcenters were able to capture the station benefits more compared to the high-density areas such as the central business district.Item Restricted An analysis of the metro rail transit-3 pricing strategy(2008-04) Bognot, Mercilida B.; Nolsol, Rochelle D.; Diokno, BenjaminThe Metro Rail Transit Corporation has been in operations for more than a decade, yet the goal of having it fully transferred to the government has not yet been achieved due to the lack of profits that it generates from its low-fare ticketing scheme. The researchers, therefore, aim to find solutions to this problem by analyzing the historical and current pricing strategy of MRT -3. After a series of analysis by making use of Public Sector and Urban Economics tools and concepts, together with regression analysis, the researchers recommend average-cost pricing, one-ticketing system, and government buy-out of the rail system to cover up the loss that the rail system currently experiences.Item Restricted A study of fare scenarios and their effects on farebox revenues of the Manila metro rail transit system 3(2007-04) Martinez, Alya Regina L.; Tolentino, Francesca Veronica B.