Optimal fares and frequencies for bus services in a small city

Disa Asplund and Roger Pyddoke

Research in Transportation Economics, 2020, vol. 80, issue C

Abstract: This paper evaluates the welfare effects of optimizing bus service fares and frequencies in small cities by modeling street congestion and crowding in public transport vehicles. The model is calibrated to the Swedish city of Uppsala. A simple demand model is used. Sensitivity analyses suggest that this is sufficient for representing important welfare effects. The results indicate that there would be large, robust welfare gains from reducing public transport supply in Uppsala, especially in the outer zone of the city where reductions of supply would be large compared to the current situation. The welfare gains from adjusting fares would be smaller.

Keywords: Public transport; Bus; Demand model; Fares; Frequencies; Supply; Optimization; Welfare (search for similar items in EconPapers)
JEL-codes: R10 R41 R48 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:retrec:v:80:y:2020:i:c:s0739885919303166

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DOI: 10.1016/j.retrec.2019.100796

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