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| Author: | Ahn, K. |
| Title: | Road pricing and bus service policies |
| Journal: | Journal of Transport Economics and Policy
2009 : JAN, VOL. 43:1, p. 25-53 |
| Index terms: | public transport transport economics road transport public policy |
| Language: | eng |
| Abstract: | This paper discusses the fare and frequency of bus services when underpriced automobiles and buses use the same road. Three variations of bus provision are considered: (1) second-best, (2) private monopolistic operation, and (3) operation under zero-profit constraint. By including congestion interaction, this paper derives a decision-making model on each bus service. Moreover, by investigating the impact of road pricing, it is shown that the direction of change in bus fares and private welfare results from the chosen type of provision. More importantly, it is demonstrated that private welfare can be improved even without revenue recycling thanks to the congestion interaction. |
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