Abstract
The paper develops a theoretical model to analyze optimal pricing of bus fares for the case of the introduction of a new fare system that depends on the trip distance and is paid via smartphone. The paper provides a literature review on public transport pricing models in general, externalities in public transport models with a detailed look into the costs of boarding, delays and discomfort and the literature on payment alternatives. The model focuses on the externalities of switching to a digital payment alternative, and then the model is expanded to include travel distance.
| Original language | English |
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| Publication status | Published - 15 Jun 2022 |
| MoE publication type | Not Eligible |
| Event | Annual School and Conference of the International Transportation Economics Association - The National School of Civil Aviation, Toulouse, France Duration: 13 Jun 2022 → 17 Jun 2022 https://itea2022.recherche.enac.fr/ |
Conference
| Conference | Annual School and Conference of the International Transportation Economics Association |
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| Abbreviated title | ITEA |
| Country/Territory | France |
| City | Toulouse |
| Period | 13/06/2022 → 17/06/2022 |
| Internet address |
Keywords
- optimal pricing
- linear-distance fare
- public transport
- transportation economics
