Economic analysis of tariff integration in public transport
economics - economies of scale, place - asia, place - urban, mode - subway/metro
Common fare, Congestion, Distortion in consumers' choices, Distribution of wage, Economies of scale, Tokyo's subway system
In this paper, we examine the effects of integrating the tariffs of public transport operated by various institutions on the welfare of economy based on a simple model with users and operators of public transport. Special attention is paid to two benefits of tariff integration; the removal or alleviation of a distortion in consumers’ choices, which arises when a shorter route costs more, and the economies of scale in production.
Permission to publish the abstract has been given by Elsevier, copyright remains with them.
Takahashi, T. (2017). Economic analysis of tariff integration in public transport. Research in Transportation Economics, Available online 23 September 2017. In Press, Corrected Proof.