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The Economics of Airport Development and Control

The Economics of Airport Development and Control

The authors present a methodology for airport planning. They conclude that pricing should be based on short-run costs, including congestion; but care must be taken in planning dates for expansion. Airports must not be planned separately from airways and aircraft.

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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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