BibTex format
@article{Horcher,
author = {Horcher, D and Graham, DJ},
journal = {Journal of Transport Economics and Policy},
title = {Multimodal substitutes in public transport: Efficient variety or wasteful competition?},
}
Publications
Citation
RIS format (EndNote, RefMan)
TY - JOUR
AB - The question we raise is whether it is desirable under public ownership to run multiplepublic transport services, e.g., buses and trains, along a transport corridor, when thesemodes are (imperfect) substitutes. The paper applies the theory of product differentiationin the context of social welfare oriented public transport provision. We react to ongoingpolicy debates by showing that modal variety may well be beneficial for society, if thespread of consumer preferences is sufficiently wide and the magnitude of scale economiesin service provision is limited. This point is supported by theory and illustrated with anagent-based simulation model.
AU - Horcher,D
AU - Graham,DJ
SN - 0022-5258
TI - Multimodal substitutes in public transport: Efficient variety or wasteful competition?
T2 - Journal of Transport Economics and Policy
ER -