OPTIMAL BUS SUBSIDY AND CROSS SUBSIDY WITH A LOGIT CHOICE MODEL

This paper investigates the impact on bus subsidy analysis of using a probabilistic (logit) choice model predicting random and planned user behaviour. The paper addresses the question of the conventional negative relationships between optimal unit subsidy and route patronage. The paper shows that this result continues to hold under a logit model. There can also be rapid increases in total subsidy for small increases in patronage. (A)

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/856156
• Corporate Authors:

  LONDON SCHOOL OF ECONOMICS AND UNIVERSITY OF BATH

  UNIVERSITY OF BATH, CLAVERTON DOWN
  BATH,   United Kingdom  BA2 7AY
• Authors:
  • Tisato, P
• Publication Date: 1998-8

Language

• English

Media Info

• Features: References;
• Pagination: p. 331-50
• Serial:
  • Journal of Transport Economics and Policy
  • Volume: 32
  • Issue Number: 3
  • Publisher: University of Bath
  • ISSN: 0022-5258
  • Serial URL: http://www.jtep.com

Subject/Index Terms

• TRT Terms: Buses; Forecasting; Mathematical models; Optimization; Public transit; Subsidies
• Uncontrolled Terms: Optimum; Use
• ITRD Terms: 1272: Bus; 244: Financing; 132: Forecast; 6473: Mathematical model; 744: Public transport; 9084: Use
• Subject Areas: Finance; Public Transportation;

Filing Info

• Accession Number: 00765719
• Record Type: Publication
• Source Agency: Transport Research Laboratory
• Files: ITRD
• Created Date: Jul 1 1999 12:00AM