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Property Rights Transit: The Emerging Paradigm for Urban Transportation

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  • Klein, Daniel B.
  • Moore, Adrian
  • Reja, Binjam

Abstract

Urban transit has traditionally been conceived and governed within a paradigm of regulation and government ownership. This study explains how the alternative paradigm of property rights, which works so well in other sectors of the economy, can apply to urban transit. The key to a property rights framework is defining the building-block properties of the system. The study explains why the essential properties for the case of fixed-route urban transit are curbspaces, or bus stops, at which a scheduled service can secure for itself the passenger congregations generated by its investments. The study proposes a system of curb fights, including exclusive curb zones leased by auction and owned like property, and common curb zones where freewheeling jitney services can pick-up passengers. The study also offers property-rights interpretations of diverse transit experiences, and proposes privatization and deregulation for all forms of transit.

Suggested Citation

  • Klein, Daniel B. & Moore, Adrian & Reja, Binjam, 1996. "Property Rights Transit: The Emerging Paradigm for Urban Transportation," University of California Transportation Center, Working Papers qt0wg0x1mt, University of California Transportation Center.
    • Handle: RePEc:cdl:uctcwp:qt0wg0x1mt
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    Cited by:

    1. Klein, Daniel B. & Moore, Adrian T., 1995. "Schedule Jockeying and Route Swamping: A Property Right Interpretation of British Bus Deregulation," University of California Transportation Center, Working Papers qt53z7d31c, University of California Transportation Center.
    2. Klein, Daniel B. & Moore, Adrian T., 1995. "A Property Rights Framework for Transit Services," University of California Transportation Center, Working Papers qt36f657t2, University of California Transportation Center.

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    Keywords

    Social and Behavioral Sciences;

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