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@article{Hörcher:2021:10.1016/j.ecotra.2021.100196,
author = {Hörcher, D and Tirachini, A},
doi = {10.1016/j.ecotra.2021.100196},
journal = {Economics of Transportation},
pages = {1--34},
title = {A review of public transport economics},
url = {http://dx.doi.org/10.1016/j.ecotra.2021.100196},
volume = {25},
year = {2021}
}
TY - JOUR
AB - Public transport provision requires substantial organisational efforts, careful planning, financial contributions from the public, and coordination between millions of passengers and staff members in large systems. Efficient resource allocation is critical in its daily operations. Therefore, public transport has been among the most popular subjects in transport economics since the infancy of this discipline. This paper presents an overview of the literature developed over the past half century, including more than 300 important contributions. With a strong methodological orientation, it collects, classifies, and compares the frequently used analytical modelling techniques, thus providing a cookbook for future research and learning efforts. We discuss key findings on optimal capacity provision, pricing, cost recovery and subsidies, externalities, private operations, public service regulation, and cross-cutting subjects, such as interlinks with urban economics, political economy, and emerging mobility technologies.
AU - Hörcher,D
AU - Tirachini,A
DO - 10.1016/j.ecotra.2021.100196
EP - 34
PY - 2021///
SN - 2212-0122
SP - 1
TI - A review of public transport economics
T2 - Economics of Transportation
UR - http://dx.doi.org/10.1016/j.ecotra.2021.100196
UR - https://www.sciencedirect.com/science/article/pii/S2212012221000010?via%3Dihub
UR - http://hdl.handle.net/10044/1/88249
VL - 25
ER -
Transport Strategy Centre
Department of Civil and Environmental Engineering
South Kensington Campus
Imperial College London
London SW7 2AZ - UK
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