This paper focuses on the fare and frequency of bus services when underpriced automobiles and buses use the same road. Three types of bus provision are considered: (1) second-best, (2) private monopolistic operation, and (3) operation under zero-profit constraint. By incorporating congestion...

The paper examines the issue of subsidy cuts and efficiency gains arising from the first round of franchises from the British passenger rail privatisation. A problem is identified in past studies regarding the lack of a progressive dynamic between subsidy and efficiency over time. This paper...

Most public transport subsidies in developing countries are justified on equity or social grounds. However, it is not clear how well current subsidies meet these objectives. In this paper the author evaluates several public transport subsidies in the case of Santiago, Chile. This is an...

This paper analyses competition between transport firms that have goals that extend beyond traditional profit maximisation. Specifically, operators maximise a weighted combination of profits and consumer surplus. We calculate equilibrium solutions for the case of symmetric firms producing...

The aim of this study is to estimate road freight demand in the UK for the period 1956-2003 and to assess the occurrence of decoupling between economic activity and freight demand as discussed in McKinnon (2006). As models with a deterministic trend cannot accommodate a long-run relationship...

This paper analyses the role of infrastructure availability, particularly with respect to transportation, in determining the attractiveness of Foreign Direct Investment (FDI) inflows for the case of thirty-three African economies. Using both the static and dynamic panel data approach, available...

The low-cost carriers' (LCCs) pricing system is characterised by a single class of booking that starts with a minimum fare and then monotonically increases its value over time. This is a form of price discrimination although markets are not physically or temporally separate. Using game theory...

Hydrogen transportation has been proposed as a low-carbon alternative to the current gasoline-powered fleet. Using a computable general equilibrium model of the world economy, we explore the economic viability of hydrogen transportation in several different tax and carbon stabilisation policy...