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

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Filing Info

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