Pricing and Investment Policies in a System of Competitive Commuter Railways
Pricing and Investment Policies in a System of Competitive Commuter Railways
复制标题
竞争性通勤铁路系统的定价和投资政策
DOI:
10.2307/2297785
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发表时间:
1984
期刊:
影响因子:
--
通讯作者:
Y. Kanemoto
中科院分区:
文献类型:
--
作者:
Y. Kanemoto
This paper develops a simple spatial equilibrium model of a city served by competing commuter railways and analyses the effects of different transportation policies on their pricing and investment decisions. It is shown that a system of competitive railway companies does not achieve the optimal allocation. We then examine whether or not three types of government intervention, i.e. subsidies to railway companies, a rate-of-return regulation, and the ownership of residential land by railway companies, can achieve the optimal allocation.