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- Title
Fare deregulation of transit services: Winners and losers in a competitive market.
- Authors
Lo, Hong K.; Yip, C. W.
- Abstract
Currently, the Hong Kong government imposes fare control on buses and taxi while the rail services are immune to such a control. This study examined four scenarios of fare deregulation on transit services by considering three related parties of a transit system - service providers, travelers, and society in general, with their respective objectives represented as - revenue, travel utility, and congestion. Analyzing the resultant impacts on these three parties, we found that a different regulatory environment would favor or hurt a different set of parties. There is no clear win-win situation for all parties. Deciding a socially acceptable regulatory environment is likely to involve difficult tradeoffs among these parties.
- Subjects
HONG Kong (China); CHINA; BUS fares; DEREGULATION; PUBLIC transit
- Publication
Journal of Advanced Transportation, 2001, Vol 35, Issue 3, p215
- ISSN
0197-6729
- Publication type
Article
- DOI
10.1002/atr.5670350304