The Property Rights Approach: An Uprising in the Economics of Urban Public Transport
AbstractThis paper outlines and critically evaluates a property rights driven model devised by Lein, Moore and Reja (1997) to guide the economic organization of urban public transport in a regime of full privatization and deregulation. Some extensions to the model are also provided to address some matters underplayed in the model, in particular, the role of kerbside rights auction receipts. It is posited that these could, in principle, be recycled to fund a rolling programme of bus lanes, and thus stimulate a virtuous cycle of increasing ridership as a direct consequence of improved trip times and reliability.
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Bibliographic InfoPaper provided by Portsmouth University - Department of Economics in its series Papers with number 104.
Length: 14 pages
Date of creation: 1997
Date of revision:
Contact details of provider:
Postal: U.K.; University of Portsmouth; Department of Economics, Locksway Road, Milton, Southsea Hants PO4 8JF, UK
Phone: 44 (0)1705 844082
Fax: +44 (0)1705 844037
Web page: http://www.pbs.port.ac.uk/econ/index.html
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URBAN TRANSPORT ; PROPERTY RIGHTS ; BUSES;
Find related papers by JEL classification:
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