THE ECONOMIC EFFECTS OF NON-OPTIMAL PRICING AND INVESTMENT POLICIES FOR SUBSTITUTABLE TRANSPORT FACILITIES

A dynamic simulation model of subbstitutable transportation facilities demonstrated the welfare, revenue, and capacity implications of various non-optimal pricing and investment policies. Applications to a major airport and an urban transportation system (an expressway and a subway) showed that in both cases the welfare surface surrounding the optimal policy is relatively flat for a substantial range, and that existing policies are also on this range for both transportation systems. A policy of financial self-sufficiency is on this range for the airport, but not for the urban transportation system. (Author)

• Corporate Authors:

  Toronto University Press

  Front Campus
  Toronto, Ontario  Canada  M5S 1A6
• Authors:
  • Borins, S F
• Publication Date: 1984-2

Media Info

• Features: Figures; References; Tables;
• Pagination: p. 80-98
• Serial:
  • CANADIAN JOURNAL OF ECONOMICS
  • Issue Number: 17-1

Subject/Index Terms

• TRT Terms: Airports; Expressways; Investments; Optimization; Pricing; Simulation; Subways; Transportation policy; Urban transportation
• Subject Areas: Administration and Management; Aviation; Economics; Highways; Policy; Society; Terminals and Facilities; I10: Economics and Administration;

Filing Info

• Accession Number: 00390986
• Record Type: Publication
• Files: TRIS
• Created Date: Dec 30 1984 12:00AM