Optimal fares regulation for Britain’s railways

Autor:	Jeremy Shires, Mark Wardman, Gerard Whelan, Richard Batley
Rok vydání:	2008
Předmět:	Labour economics media_common.quotation_subject Transportation Microeconomics Econometric model Revenue generation Scale (social sciences) Economic evaluation Economics Economic analysis Business and International Management Study analysis Welfare Civil and Structural Engineering media_common
Zdroj:	Transportation Research Part E: Logistics and Transportation Review. 44:807-819
ISSN:	1366-5545
DOI:	10.1016/j.tre.2007.03.005
Popis:	This paper reports the findings of an economic evaluation of fares regulation options for Britain’s railways. The evaluation is based on the development of an econometric demand model based on a large scale survey of passenger preferences. The model was applied to comprehensive case study analysis of candidate fares regulation options based on the notion of a ‘fares basket’ and it was found that for any given price cap, any specific objective of revenue generation will be attained with lower welfare penalty if the basket is defined widely rather than narrowly.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::d509d15de60daf0b9f6256448ed1e5c7 https://doi.org/10.1016/j.tre.2007.03.005 Zobrazit plný text záznamu Full Text from ScienceDirect