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This paper analyses the relationship between community attributes and the subway home-price capitalization effect, asking whether the magnitude of the subway proximity premium is affected by neighbourhood economic status and location. Using longitudinal data from Beijing, the paper estimates that decreasing a community's distance to a subway station by 10 per cent increases the housing price per square metre by 0.2 per cent ~ 0.9 per cent. The paper also shows that, subway capitalization effect is around 0.1 per cent ~ 0.2 per cent lower for communities that have higher quality and charge a 1 Yuan higher property management fee. Moreover, the analysis also reveals that the subway capitalization will decrease by around 0.08 per cent as a community's distance to the central business district (CBD) increases by 1 km. [ABSTRACT FROM AUTHOR]

We present a sustainable multimodal transit system that integrates taxi-sharing with subways to alleviate traffic congestion and restore the cooperative relationship between taxis and subways. This study proposes a two-phase matching model based on optimization theory, in which pick-up/drop-off sequences for participants, as well as their motivation to shift to a TSS service, were considered. For the transportation system, achieving a reduction in vehicle miles is considered to be the matching objective. We tested the matching model using empirical taxi global positioning system (GPS) data for a typical morning rush hour in Beijing. The optimization model performs well for large-scale data and the optimal solution can be calculated quickly, which is ideal in a dynamic system. Furthermore, several sensitive analysis experiments were conducted to evaluate the performance of the TSS system. We found that approximately 23.13% of taxi users can be served by TSS transit, total taxi mileage can be reduced by 20.17%, and carbon dioxide emissions may be reduced by 15.16%. The proposed model and findings demonstrate that the TSS service considered here is a feasible multimodal transit mode, with the advantages of flexibility and sustainability, and has great potential for improving social benefits. [ABSTRACT FROM AUTHOR]