THEORY AND PRACTICE IN URBAN TRANSPORT ECONOMICS

A GOOD PRICE STRUCTURE IS ESSENTIAL FOR THE WELL-BEING OF A TRANSPORT SYSTEM. HOW TO DERIVE ONE IS A PROBLEM. IF THE PRICE IS TOO LOW, THE ENTERPRISE FAILS. IF THE PRICE IS TOO HIGH THE RIDERS ARE DRIVEN AWAY. THE FACTORS INCLUDED IN A RATE STRUCTURE ARE AMORTIZATION, MAINTENENCE, CAPITAL OUTLAYS AND OPERATING EXPENSES. MANY TRANSPORT SYSTEMS COME UNDER THE JURISDITION OF REGULATORY BODIES WHICH DICTATE THE FARES. OTHERS ARE FREE TO ESTABLISH THEIR OWN FARES. IF THE FARES ARE LOW, AND THE SYSTEM IS CONSIDERED NECESSARY, THEN SUBSIDIES MUST BE GRANTED. COMPARISONS ARE DRAWN BETWEEN A NUMBER OF DIFFERENT SYSTEMS OPERATING IN EUROPE AND NORTH AMERICA AND RECOMMENDATIONS ARE MADE WHICH WOULD ALLOW THE ENTERPRISES TO ESTABLISH THEIR OWN FARES WHILE RETAINING CERTAIN SPECIFIED SUBSIDIZED FARES. /AUTHOR/

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Filing Info

  • Accession Number: 00240919
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jun 22 1994 12:00AM