The economic rationale for integrated tariffs in local public transport

Carla Marchese

doi:10.1007/s00168-005-0045-3

The economic rationale for integrated tariffs in local public transport

Carla Marchese

Department of Law, Political, Social and Economic Sciences

Research output: Contribution to journal › Article › peer-review

Abstract

In this paper, it is shown that integrated tariffs can be used to extract the consumer's surplus when there are a lot of connections supplied so that the law of large numbers applies in the estimation of the consumer's willingness to pay. The time validity limitations of tickets are explained by a nonlinear pricing approach. Links between optimal pricing in local public transport and network characteristics are highlighted.

Original language	English
Pages (from-to)	875-885
Number of pages	11
Journal	Annals of Regional Science
Volume	40
Issue number	4
DOIs	https://doi.org/10.1007/s00168-005-0045-3
Publication status	Published - Dec 2006

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AB - In this paper, it is shown that integrated tariffs can be used to extract the consumer's surplus when there are a lot of connections supplied so that the law of large numbers applies in the estimation of the consumer's willingness to pay. The time validity limitations of tickets are explained by a nonlinear pricing approach. Links between optimal pricing in local public transport and network characteristics are highlighted.

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The economic rationale for integrated tariffs in local public transport

Abstract

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