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Optimal Economic Interventions in Scheduled Public Transport
KTH, School of Architecture and the Built Environment (ABE), Transport and Economics (closed 20110301). (Trafik och logistik)
KTH, School of Engineering Sciences (SCI), Mathematics (Dept.), Mathematics (Div.).
KTH, School of Engineering Sciences (SCI), Mathematics (Dept.), Mathematics (Div.).
2008 (English)In: Research in Transportation Economics, ISSN 0739-8859, E-ISSN 1875-7979, Vol. 23, no 1, 30-40 p.Article in journal (Refereed) Published
Abstract [en]

This chapter analyses appropriate regulatory instruments for public transport markets under monopoly and competition, respectively. For the monopoly case, the operator chooses too low supply, compared to welfare optimum. In contrast, for the competition case the operators choose too high supply, at least for the competition model that we have considered most appropriate. It is found that under monopoly a subsidy should be applied, while under competition taxation should be applied.

Place, publisher, year, edition, pages
2008. Vol. 23, no 1, 30-40 p.
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:kth:diva-10762DOI: 10.1016/j.retrec.2008.10.010Scopus ID: 2-s2.0-60449103925OAI: oai:DiVA.org:kth-10762DiVA: diva2:227918
Note
QC 20111004Available from: 2009-07-21 Created: 2009-07-21 Last updated: 2017-12-13Bibliographically approved

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