PUBLIC TRANSIT ECONOMICS AND DEREGULATION POLICY

The principal objectives of this book are: first, to conduct theoretical and empirical analyses of the major determinants which jointly determine the economic structure and conditions of the transit sector; and second, to explore and suggest policies which could ameliorate the sector's present crisis and make it economically viable. More specifically, attainment of the first objective entails exploring the economic environment within which the transit industry operates relative to its underlying demand and supply conditions. This analysis is carried out in Part One of the book, where major structural demand factors and regulatory and subsidy conditions are identified and examined. Analytical and empirical measurement of technical production characteristics of transit services supply is carried out in Part Two of the book. It involves identification and formulation of the economic objectives of transit operators in allocating their resources, followed by econometric estimation of transit cost and production properties and the level of transit efficiency and productivity. Attention is then focused on policy questions. These include the conditions necessary for regulatory reform in transit to transpire, the theoretical and empirical consequences of transit markets deregulation, and the type of regulatory reforms that should be introduced in various transit markets in order to achieve cost and production efficiency as well as equity goals. Examination of these policy issues is the prime subject of Part Three of the book.

  • Availability:
  • Supplemental Notes:
    • This publication is Volume 23 of the Studies in Regional Science and Urban Economics series.
  • Corporate Authors:

    Elsevier

    Radarweg 29
    Amsterdam,   Netherlands  1043 NX
  • Authors:
    • Berechman, J
  • Publication Date: 1993

Language

  • English

Media Info

  • Features: Figures; References; Tables;
  • Pagination: 359 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00672510
  • Record Type: Publication
  • ISBN: 0444892753
  • Files: TRIS
  • Created Date: Jan 9 1995 12:00AM