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The Optimal Pricing of Freight in Combination Aircraft

The Optimal Pricing of Freight in Combination Aircraft

Where freight is carried in the bellies of combination aircraft which also carry passengers, Professor Miller concludes that the service is in the long run neither a joint product nor a by-product, and that the U.S. Civil Aeronautics Board is right in regulating charges by reference to freighter costs.

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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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