The Relationship between Fare and Travel Distance
The Relationship between Fare and Travel Distance
This paper develops a model to examine how a transport operator who is concerned about both profit and consumer surplus will design a uniform fare scheme and the relationship between fare and travel distance within such a scheme. The paper also analyses how travellers' generalised cost are linked to trip length. It is shown that how fare and generalised cost relate to trip length is critically dependent on the weight the transport operator puts on profit and the assumptions made about the demand conditions. The model's results are discussed in the light of Norwegian data for bus and ferry transport.
451-468
Jørgensen, F.
3cf40d0a-8fda-4a7f-93bd-240d6311cb7f
Preston, J. M.
ef81c42e-c896-4768-92d1-052662037f0b
September 2007
Jørgensen, F.
3cf40d0a-8fda-4a7f-93bd-240d6311cb7f
Preston, J. M.
ef81c42e-c896-4768-92d1-052662037f0b
Jørgensen, F. and Preston, J. M.
(2007)
The Relationship between Fare and Travel Distance.
Journal of Transport Economics and Policy, 41 (3), .
Abstract
This paper develops a model to examine how a transport operator who is concerned about both profit and consumer surplus will design a uniform fare scheme and the relationship between fare and travel distance within such a scheme. The paper also analyses how travellers' generalised cost are linked to trip length. It is shown that how fare and generalised cost relate to trip length is critically dependent on the weight the transport operator puts on profit and the assumptions made about the demand conditions. The model's results are discussed in the light of Norwegian data for bus and ferry transport.
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Published date: September 2007
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Local EPrints ID: 53382
URI: http://eprints.soton.ac.uk/id/eprint/53382
ISSN: 0022-5258
PURE UUID: 26bbd4c5-f7b9-4806-a5b6-388f5e1cb0cd
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Date deposited: 22 Jul 2008
Last modified: 08 Jan 2022 03:03
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Author:
F. Jørgensen
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