Pricing and Investment Policies in a System of Competitive Commuter Railways

Pricing and Investment Policies in a System of Competitive Commuter Railways
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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:
The Review of Economic Studies
影响因子:
--
通讯作者:
Y. Kanemoto
Y. Kanemoto
中科院分区:
--
文献类型:
--
作者:
Y. Kanemoto

文献摘要

被引文献

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本文建立了一个简单的空间均衡模型,分析了不同的交通政策对城市通勤铁路的定价和投资决策的影响。结果表明,一个竞争性的铁路公司系统并不能实现最优配置。然后,我们考察了补贴铁路公司、回报率管制和铁路公司拥有住宅用地这三种政府干预方式是否能够实现最优分配。
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.