Title: THE FEASIBILITY AND DESIRABILITY OF PRIVATELY-PROVIDED TRANSIT SERVICES. VOLUME ONE
Abstract: This research investigates the possibility of the provision of urban bus transit services in selected markets by a private for-profit carrier. The heart of the research is a private market model which models the way in which a for-profit carrier selects service quality and price. The purpose of the private market model is to facilitate analysis of situations in which a private transit provider would, or could be induced to, provide service. The results indicate that profitable service is feasible in a wide variety of market situations when the only alternative is the private car. Moreover, there is considerable felexiblity available to the private carrier. If, however, the private carrier must compete with a subsidized or public carrier, private-carrier entry is deterred in all but the largest markets. When competition is only with the private car, profits can be suficient to cover the non-Federal costs of providing an exclusive roadway.
Publication Year: 1983
Publication Date: 1983-11-01
Language: en
Type: article
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