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A theoretical model is adopted in order to discuss optimal fare and optimal quality of supply schemes for a transport operator. The analysis shows how fare and quality of supply are related to travel distance and to the transport operator's emphasis on profit versus consumer surplus. Under...
Persistent link: https://www.econbiz.de/10005228252
For passengers to reach the final destination of the trip it is often necessary to make use of the transport services provided by several firms. When these transport services follow in a natural transport chain they are characterized as complementarities and the firms providing the services can,...
Persistent link: https://www.econbiz.de/10011065528
This paper focuses on welfare optimal transport policies in a public transport market where positive externalities from the route supplier to the travellers as well as negative externalities within group of consumers exist. Additionally, there might be capacity constraints of two types. Firstly,...
Persistent link: https://www.econbiz.de/10005052548