FINANCING MASS TRANSIT: MOBILITY IS AMONG THE ASSETS

FEDERAL AND LOCAL ROLES IN UNDERWRITING URBAN TRANSPORTATION SYSTEMS ARE DISCUSSED. MECHANISM TO SUBSIDIZE CAPITAL COST, OPERATING COST, AND OUTPUT-RELATED COST ARE ANALYZED. SO FAR IT HAS NOT BEEN POSSIBLE TO DEVISE A FORMULA FOR GIVING OUT OPERATING SUBSIDIES THAT ARE EQUITABLE, THAT WILL KEEP TRANSIT FIRMS SOLVENT AND ENABLE THEM TO INCREASE THE MOBILITY OF CITY DWELLERS, THAT ARE EFFICIENT (IN THE ECONOMIC SENSE OF NOT LEADING TO DISTORTIONS IN RESOURCE ALLOCATION), THAT WILL ENCOURAGE INNOVATION, AND THAT CAN BE ADMINISTERED AT REASONABLE COST. IN CURING THE CONGESTION PROBLEM, THE ISSUE IS PRIMARILY RESOURCE ALLOCATION IN THE TRANSPORTATION SECTOR. A PROGRAM IS NEEDED TO TEST SERVICE INNOVATIONS TO SOLVE THE MOBILITY PROBLEM.

  • Availability:
  • Corporate Authors:

    N/A

    ,   United States 
  • Authors:
    • Miller, D R
  • Publication Date: 1973-12

Media Info

  • Pagination: p. 41-51
  • Serial:
    • Technology Review
    • Volume: 76
    • Issue Number: 2
    • Publisher: Massachusetts Institute of Technology
    • ISSN: 1099-274X

Subject/Index Terms

Filing Info

  • Accession Number: 00201091
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Apr 20 2003 12:00AM