The Effect of Pricing Policy on the Optimum Timing of Investments in transport Facilities

The Effect of Pricing Policy on the Optimum Timing of Investments in transport Facilities

The author finds that marginal cost pricing leads to slower expansion of capacity than either higher or lower pricing. transport planners are advised how to find the same optimum expansion dates under common forms of user fees as under marginal cost pricing.

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Optimal Public transport Price and Service Frequency

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