The Economics of travel Passes. Non-Uniform Pricing in transport

The Economics of travel Passes. Non-Uniform Pricing in transport

Pricing rules are derived under different objectives for schemes including travelcards and ordinary tickets. To calculate the effects on revenue of different combinations of fares it is necessary to know the distribution of the population in terms of trip behaviour.

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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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