POLICY CHOICES FOR LONDON UNDERGROUND - AN ECONOMIC EVALUATION OF FARES AND SERVICE OPTIONS

The use of the London Underground's Strategic Policy Analysis Model (SPAM) to determine fare and service levels is described. This paper is concerned with the effects of policy changes when private transport is the alternative. Changes are measured in a) underground capital and operating costs, b) underground customer consumer surplus, c) the demand for other goods and services and d) the 'roads externality'. Economic and financial objectives cannot be achieved simultaneously. The trade-off between economic and financial objectives is discussed. The setting of optimal fare and service levels and the setting of fare and service levels to maximise profits are examined. For the covering abstract see IRRD 868873.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/086050266X
• Corporate Authors:

  PTRC Education and Research Services Limited

  Glenthorne House, Hammersmith Grove
  London W6OL9,   England 
• Authors:
  • Goulcher, A
• Conference:
  • TRANSPORT POLICY AND ITS IMPLEMENTATION: VOLUME 1. PROCEEDINGS OF SEMINAR D HELD AT THE 22ND PTRC EUROPEAN TRANSPORT FORUM, UNIVERSITY OF WARWICK, ENGLAND, SEPTEMBER 12-16, 1994. VOLUME P376
• Publication Date: 1994

Language

• English

Media Info

• Features: References;
• Pagination: p. 149-59

Subject/Index Terms

• TRT Terms: Automobiles; Competition; Conferences; Demand; Mathematical models; Operating costs; Policy; Subways; Tariffs
• ITRD Terms: 1243: Car; 235: Competition; 8525: Conference; 285: Demand (econ); 6473: Mathematical model; 221: Operating costs; 173: Policy; 241: Tariff; 1191: Underground railway
• Subject Areas: Policy;

Filing Info

• Accession Number: 00677299
• Record Type: Publication
• Source Agency: Transport Research Laboratory
• ISBN: 0-86050-266-X
• Files: ITRD
• Created Date: May 25 1995 12:00AM