Whelan, GA, Batley, RP, Shires, JD and Wardman, MR (2008) Optimal Fares Regulation for Britain's Railways. Transportation Research Part E - Logistics and Transportation Review, 44 (5). 807 - 819 . ISSN 1366-5545Full text available as:
This paper reports the findings of an economic evaluation of fares regulation options for Britain’s railways. The evaluation is based on the development of an econometric demand model based on a large scale survey of passenger preferences. The model was applied to comprehensive case study analysis of candidate fares regulation options based on the notion of a ‘fares basket’ and it was found that for any given price cap, any specific objective of revenue generation will be attained with lower welfare penalty if the basket is defined widely rather than narrowly.
|Keywords:||demand modelling, rail fares regulation, fares basket|
|Academic Units:||The University of Leeds > Faculty of Environment (Leeds) > Institute for Transport Studies (Leeds)|
|Depositing User:||Symplectic Publications|
|Date Deposited:||23 Jan 2012 12:21|
|Last Modified:||08 Feb 2013 17:36|
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