کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1065283 948549 2011 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Estimating welfare changes from efficient pricing in public bus transit in India
موضوعات مرتبط
علوم انسانی و اجتماعی علوم اجتماعی جغرافیا، برنامه ریزی و توسعه
پیش نمایش صفحه اول مقاله
Estimating welfare changes from efficient pricing in public bus transit in India
چکیده انگلیسی

Three different and feasible pricing strategies for public bus transport in India are developed in a partial equilibrium framework with the objective of improving economic efficiency and ensuring revenue adequacy, namely average cost pricing, marginal cost pricing, and two-part tariffs. These are assessed not only in terms of gains in economic efficiency, but also in changes in travel demand and consumer surplus. The estimated partial equilibrium price is higher in all three pricing regimes when compared to the current price. As a result, consumer surplus falls in all three cases. The price increase is much larger with average cost pricing compared to marginal cost pricing or two-part tariffs, and hence a larger fall in demand and consumer surplus occurs due to average cost pricing. While there is a gain in economic efficiency from marginal cost pricing and two-part tariffs, this improvement comes at the expense of reduced public bus transit demand and consumer surplus, given the price inelastic public bus transit demand estimated for India. Given the mobility needs and the developmental concerns of a growing economy such as India, the challenge for policy makers is to balance the gains in economic efficiency in the public bus transit sector against other social, political, and developmental goals.

Research Highlights
► Challenge for policy makers in developing countries to balance economic efficiency against social, political, and developmental goals.
► Bus fares arising from average cost pricing, marginal cost pricing, and two-part tariffs is higher compared to the current average bus fare in India.
► Price increase is much larger with average cost pricing compared to marginal cost pricing or two-part tariffs.
► Economic efficiency rises from marginal cost pricing and two-part tariffs but at the expense of reduced public bus transit demand and consumer surplus.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Transport Policy - Volume 18, Issue 1, January 2011, Pages 23–31
نویسندگان
, ,