EUROPE ON THE MOVE: RECENT DEVELOPMENTS IN EUROPEAN COMMUNICATIONS AND TRANSPORT ACTIVITY RESEARCH. CHAPTER 13. OPTIMAL POLICIES IN THE PROVISION OF PUBLIC TRANSPORT IN EUROPE

This paper considers the provision of an efficient public transport system in Europe. In the first part an objective function is introduced in which the unweighted consumer and producer surplus is maximised and first best solutions are obtained to determine optimal price and service levels. Densities associated with the use of public transport are found to be a crucial factor in the determination of price and service quality and in economies of scale. In the second part of the paper the consequences of introducing financial constraints are analysed. Optimal fare and service levels are obtained subject to a budget constraint. The welfare consequences of cross-subsidisation are discussed. Current European fare and service levels and regulatory issues are examined in order to compare optimal policy with actual practice. For the covering abstract see IRRD 863675.

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  • Corporate Authors:

    Ashgate Publishing Limited

    Wey Court East, Union Road
    Farnham, Surrey  United Kingdom  GU9 7PT
  • Authors:
    • DE RUS MENDOZA, G
  • Publication Date: 1993

Language

  • English

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Filing Info

  • Accession Number: 00665085
  • Record Type: Publication
  • Source Agency: Transport Research Laboratory
  • ISBN: 1-85628-547-2
  • Files: ITRD
  • Created Date: Sep 9 1994 12:00AM