Microeconomic Interpretation of MATSim for Benefit-Cost Analysis
This chapter explains how MATSim’s agent-based framework can be interpreted from a microeconomic perspective and how it can be used for the economic evaluation of transport policies, e.g., for BCA (Benfit-Cost Analysis). The text of this chapter is partly taken from Kickhöfer (2014, Section 2.3). Typically, the process of economic policy evaluation consists of three steps: First, forecasting changes in the system by modeling users’ reactions to a policy (Section 51.1). Second, assigning some (potentially monetary) valuation to these changes (Section 51.2). And third, applying an appropriate aggregation rule (Section 51.3). As will be shown in the next sections, these steps are neither completely independent nor completely dependent on each other.
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Published in: The Multi-Agent Transport Simulation MATSim, 10.5334/baw.51, Ubiquity Press