Ownership in Land Transport Optimal Pricing and Financing of Public Transport under Competition
نویسندگان
چکیده
During the last two decades a deregulation trend has flourished. In Western Europe this trend commenced within local and regional public transport. The privatisation of the English bus industry, even the long distance coach services, represents the "full market solution", where both supply, prices and the operation are in the hands of competing profit maximising firms. In the Nordic countries and in London, and to some extent in the US and France, the decision over local and regional public transport supply and prices has been kept in the hands of a public authority, while the actual operation is left for competition through tendering. Typically these services need local or central government grants for financing – and there are economic rationales for this.
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تاریخ انتشار 2005