Open AccessPosted Content
Information provision by regulated public transport companies
TLDR
In this paper, the interaction between pricing, frequency of service and information provision by public transport firms offering scheduled services was studied under various regulatory regimes, and the effect of higher fares strongly depends on how frequency and information quality affect the number of planners, and if the agency regulates both the fare and the quality of information then more stringent information requirements induce the firm to reduce frequency; this strongly limits the welfare improvement of information regulation.Abstract:
We study the interaction between pricing, frequency of service and information provision by public transport firms offering scheduled services, and we do so under various regulatory regimes. The model assumes that users can come to the bus stop or rail station at random or they can plan their trips; the fraction of users who plan their trips is endogenous and depends on the frequency of service and on the quality of information provided. Four institutional regimes are considered, reflecting various degrees of government regulation. A numerical example illustrates the theoretical results. Findings include the following. First, fare regulation induces the firm to provide less frequency and less information than is socially optimal. Second, if information and frequency did not affect the number of planning users a higher fare always induces the firm to raise both frequency and the quality of information. With endogenous planning, however, this need not be the case, as the effect of higher fares strongly depends on how frequency and information quality affect the number of planners. Third, a profit-maximizing firm offers more information than a fare-regulated firm. Fourth, if the agency regulates both the fare and the quality of information then more stringent information requirements induce the firm to reduce frequency; this strongly limits the welfare improvement of information regulation. Finally, of all institutional structures considered, socially optimal fares, frequency and quality of information stimulate passengers least to plan their trips, because the high frequency offered reduces the benefits of trip planning.read more
Citations
More filters
Journal ArticleDOI
Future bus transport contracts under a mobility as a service (MaaS) regime in the digital age: Are they likely to change?
TL;DR: It is suggested that the adrenal rush for mobility services, however, may not deliver the full solution that supporters are suggesting, and that a hybrid multi-modal state of affairs may be the most appealing new contract setting.
Journal ArticleDOI
A scalable non-myopic dynamic dial-a-ride and pricing problem
TL;DR: In this paper, a new dynamic dial-a-ride policy is introduced, one that features non-myopic pricing based on optimal tolling of queues to fit with the multi-server queueing approximation method proposed by Hyttia et al. (2012) for large-scale systems.
The scheduling of consumer activities: work trips
TL;DR: In this article, the authors demonstrate that the scheduling of activities by consumers can be explicitly modeled in theoretically satisfactory and empirically productive way, and demonstrate that this approach can be applied productively to other goods subject to peak demands.
Journal ArticleDOI
Agent-based day-to-day adjustment process to evaluate dynamic flexible transport service policies
Shadi Djavadian,Joseph Y.J. Chow +1 more
TL;DR: In this article, an agent-based adjustment process is proposed to evaluate the properties of a stable state as an agentbased stochastic user equilibrium for flexible transport services (FTS).
Journal ArticleDOI
A decision support system for public logistics information service management and optimization
Zhi-Hua Hu,Zhao-Han Sheng +1 more
TL;DR: Analytical results show that the proposed DSS can reduce the ELR and logistics cost and this system helps governments construct DSSs for general PLISMO.
References
More filters
Journal ArticleDOI
Transport externalities and optimal pricing and supply decisions in urban transportation: a simulation analysis for Belgium
Bruno De Borger,Sandra Wouters +1 more
TL;DR: In this paper, the joint optimisation of transport prices and supply decisions of urban transport services is studied, taking into account all relevant external effects, such as occupancy rates, budgetary outcomes, and productivity.
Journal ArticleDOI
Agent-based day-to-day adjustment process to evaluate dynamic flexible transport service policies
Shadi Djavadian,Joseph Y.J. Chow +1 more
TL;DR: In this article, an agent-based adjustment process is proposed to evaluate the properties of a stable state as an agentbased stochastic user equilibrium for flexible transport services (FTS).
Journal ArticleDOI
The welfare gains from pricing road congestion using automatic vehicle identification and on-vehicle meters
TL;DR: In this paper, the welfare gains of imposing higher auto tolls in urban areas were analyzed under different regimes of a higher gas tax and automatic vehicle identification and on-vehicle metering.
Journal ArticleDOI
Explaining public transport information use when a car is available: attitude theory empirically investigated
Sendy Farag,Glenn Lyons +1 more
TL;DR: This article found that the desire to consult public transport information for an uncertain journey is affected by attitudes, subjective norms, and past behaviour, which are in turn affected by constraints such as travel behaviour and trip context.
Related Papers (5)
Will the fare be fair? An examination of the pricing effects of the privatization of rail services
P.K. Else,T.J. James +1 more
The role of service quality and capital technology in telecommunication regulation
John R. Norsworthy,Diana H. Tsai +1 more