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transport Management for London

transport Management for London

The price mechanism has been neglected in transport planning. User costs shoul be adjusted by road pricing to arrest the decline in public transport. The authors show how the implications of this policy might be assessed.

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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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