A Proposal for Revising New York's Subway Fare Structure

William Vickrey

Operations Research, 1955, vol. 3, issue 1, 38-68

Abstract: Consideration of the effect of the fare structure on the efficiency with which transit facilities are utilized leads to the conclusion that operation of a transit system on a self-liquidating or cost-covering basis, either by a private utility company or by a public authority, will inevitably fall considerably short of arriving at an optimum adjustment. Any governmental unit whose finances are in reasonably good shape can materially improve the over-all welfare of its residents by raising the rates of some appropriate taxes and lowering transit fares to a level conducive to more efficient utilization of the transit facilities. The most efficient utilization of the New York subway system requires a fare structure rather drastically different from those now generally in use, and generally at a level which would yield revenues falling considerably short of covering total costs. Operations Research , ISSN 0030-364X, was published as Journal of the Operations Research Society of America from 1952 to 1955 under ISSN 0096-3984.

Date: 1955
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