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Peak-load Pricing and the Channel Tunnel. A Re-examination

Peak-load Pricing and the Channel Tunnel. A Re-examination

The authors re-examine the conclusions reached by Stephen Glaister in an article in this Journal in May 1976. They conclude that he overestimated the capacity that would have been required under uniform pricing, and also the price differentials required under peak-load pricing to reduce capacity and increase profit.

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Optimal Public transport Price and Service Frequency

Because values of time and passenger behaviour depend on the level of frequency it is found that: (1) in urban public transport there may be one low-deficit local optimum and one high-deficit local optimum, one of which is global; (2) contrary to what might be expected, optimal financial deficit per passenger is typically larger for high frequency services than for low-frequency services; (3) the optimal off-peak may exceed the optimal peak price.

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