CONSEQUENCES AND CAUSES OF PUBLIC OWNERSHIP OF URBAN TRANSIT FACILITIES

The reasons for the shift from private to public ownership of urban transit facilities are the subject of the paper. The regulation theory suggests that this shift is due to the increasing severity of regulation, while the declining-market and externalities hypotheses suggest that increases in automobile ownership are the reason for reduced profits and public ownership. Regression results indicate that profit margins of privately owned systems are higher when regulation is by a state rather than a local agency. Changes in profit margins over time are found to be directly related to increases in automobile ownership. /Author/

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/00223808
• Corporate Authors:

  University of Chicago Press

  1427 E. 60th Street
  Chicago, IL  United States  60637-2954
• Authors:
  • Pashigian, B P
• Publication Date: 1976-12

Media Info

• Features: Appendices; References; Tables;
• Pagination: p. 1239-59
• Serial:
  • Journal of Political Economy
  • Volume: 84
  • Issue Number: 6
  • Publisher: University of Chicago Press
  • ISSN: 0022-3808

Subject/Index Terms

• TRT Terms: Automobile ownership; Nationalization; Ownership; Private enterprise; Profits; Public transit; Regulations; Urban transportation
• Subject Areas: Highways; Law; Planning and Forecasting; Public Transportation;

Filing Info

• Accession Number: 00148243
• Record Type: Publication
• Files: TRIS
• Created Date: Feb 23 1981 12:00AM