IDEAS home Printed from https://ideas.repec.org/a/inm/oropre/v3y1955i1p38-68.html
   My bibliography  Save this article

A Proposal for Revising New York's Subway Fare Structure

Author

Listed:
  • William S. Vickrey

    (Columbia University, New York, New York)

Abstract

Consideration of the effect of the fare structure on the efficiency with which transit facilities are utilized leads to the conclusion that operation of a transit system on a self-liquidating or cost-covering basis, either by a private utility company or by a public authority, will inevitably fall considerably short of arriving at an optimum adjustment. Any governmental unit whose finances are in reasonably good shape can materially improve the over-all welfare of its residents by raising the rates of some appropriate taxes and lowering transit fares to a level conducive to more efficient utilization of the transit facilities. The most efficient utilization of the New York subway system requires a fare structure rather drastically different from those now generally in use, and generally at a level which would yield revenues falling considerably short of covering total costs. Operations Research , ISSN 0030-364X, was published as Journal of the Operations Research Society of America from 1952 to 1955 under ISSN 0096-3984.

Suggested Citation

  • William S. Vickrey, 1955. "A Proposal for Revising New York's Subway Fare Structure," Operations Research, INFORMS, vol. 3(1), pages 38-68, February.
    • Handle: RePEc:inm:oropre:v:3:y:1955:i:1:p:38-68
    DOI: 10.1287/opre.3.1.38
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/opre.3.1.38
    Download Restriction: no
    File URL: https://libkey.io/10.1287/opre.3.1.38?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Terrence August & Duy Dao & Hyoduk Shin, 2015. "Optimal Timing of Sequential Distribution: The Impact of Congestion Externalities and Day-and-Date Strategies," Marketing Science, INFORMS, vol. 34(5), pages 755-774, September.
    2. Richard Arnott, 1998. "William Vickrey: Contributions to Public Policy," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 5(1), pages 93-113, February.
    3. de Palma, André & Lindsey, Robin & Monchambert, Guillaume, 2017. "The economics of crowding in rail transit," Journal of Urban Economics, Elsevier, vol. 101(C), pages 106-122.
    4. Patrick Maillé & Nicolás E. Stier-Moses, 2009. "Eliciting Coordination with Rebates," Transportation Science, INFORMS, vol. 43(4), pages 473-492, November.
    5. Hörcher, Daniel & Tirachini, Alejandro, 2021. "A review of public transport economics," Economics of Transportation, Elsevier, vol. 25(C).
    6. Davis, Lucas W., 2021. "Estimating the price elasticity of demand for subways: Evidence from Mexico," Regional Science and Urban Economics, Elsevier, vol. 87(C).
    7. André de Palma & Robin Lindsey & Guillaume Monchambert, 2017. "The Economics of Crowding in Public Transport," Post-Print hal-01203310, HAL.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:oropre:v:3:y:1955:i:1:p:38-68. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.