A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Regulatory reform and the congestion of urban railways
AbstractThis paper examines various regulatory methods for congested urban railways. After building a closed spatial model with a congestible railway line, we conduct a numerical simulation of the impacts of the regulatory methods, using data on a typical railway firm in Japan. A closed spatial model in this paper enables us to evaluate the regulatory methods in terms of social welfare as well as to show a change in the typical performance of railways, such as the level of fares, railway capacity, and congestion. The simulation results show that implementing simple price-cap regulation, without properly addressing the congestion problem, makes railway firms operate efficiently, but substantially shrinks railway capacity and lowers social welfare. We then consider modified versions of price-cap regulation, which are consistent with relief of congestion.
Regulatory reform and the congestion of urban railways
AbstractThis paper examines various regulatory methods for congested urban railways. After building a closed spatial model with a congestible railway line, we conduct a numerical simulation of the impacts of the regulatory methods, using data on a typical railway firm in Japan. A closed spatial model in this paper enables us to evaluate the regulatory methods in terms of social welfare as well as to show a change in the typical performance of railways, such as the level of fares, railway capacity, and congestion. The simulation results show that implementing simple price-cap regulation, without properly addressing the congestion problem, makes railway firms operate efficiently, but substantially shrinks railway capacity and lowers social welfare. We then consider modified versions of price-cap regulation, which are consistent with relief of congestion.
Regulatory reform and the congestion of urban railways
Kidokoro, Yukihiro (author)
Transportation Research Part A: Policy and Practice ; 40 ; 52-73
2005-04-13
22 pages
Article (Journal)
Electronic Resource
English
Regulation , Price-cap , Rate-of-return , Congestion , Quality , Railway
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