Regulatory Reform and the Congestion of Urban Railways
This paper examines various regulatory methods for congested urban railways. After building a closed spatial model with a congestible railway line, we conduct a numerical simulation of the impacts of the regulatory methods, using data on a typical railway firm in Japan. A closed spatial model in this paper enables us to evaluate the regulatory methods in terms of social welfare as well as to show a change in the typical performance of railways, such as the level of fares, railway capacity, and congestion. The simulation results show that implementing simple price-cap regulation, without properly addressing the congestion problem, makes railway firms operate efficiently, but substantially shrinks railway capacity and lowers social welfare. We then consider modified versions of price-cap regulation, which are consistent with relief of congestion.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/09658564
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Supplemental Notes:
- Abstract reprinted with permission from Elsevier
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Authors:
- Kidokoro, Yukihiro
- Publication Date: 2006-1
Language
- English
Media Info
- Media Type: Print
- Features: Appendices; References; Tables;
- Pagination: pp 52-73
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Serial:
- Transportation Research Part A: Policy and Practice
- Volume: 40
- Issue Number: 1
- Publisher: Elsevier
- ISSN: 0965-8564
- Serial URL: http://www.sciencedirect.com/science/journal/09658564
Subject/Index Terms
- TRT Terms: Pricing; Railroad traffic; Railroad travel; Regulatory reform; Simulation; Social benefits; Urban transportation
- Uncontrolled Terms: Closed spatial models; Congestion (Railroads); Price caps; Railroad capacity
- Geographic Terms: Japan
- Subject Areas: Operations and Traffic Management; Passenger Transportation; Railroads;
Filing Info
- Accession Number: 01014717
- Record Type: Publication
- Files: TRIS
- Created Date: Dec 27 2005 9:01AM