IDEAS home Printed from https://ideas.repec.org/a/oup/restud/v51y1984i4p665-681..html
   My bibliography  Save this article

Pricing and Investment Policies in a System of Competitive Commuter Railways

Author

Listed:
  • Yoshitsugu Kanemoto

Abstract

This paper develops a simple spatial equilibrium model of a city served by competing commuter railways and analyses the effects of different transportation policies on their pricing and investment decisions. It is shown that a system of competitive railway companies does not achieve the optimal allocation. We then examine whether or not three types of government intervention, i.e. subsidies to railway companies, a rate-of-return regulation, and the ownership of residential land by railway companies, can achieve the optimal allocation.

Suggested Citation

  • Yoshitsugu Kanemoto, 1984. "Pricing and Investment Policies in a System of Competitive Commuter Railways," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(4), pages 665-681.
    • Handle: RePEc:oup:restud:v:51:y:1984:i:4:p:665-681.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/2297785
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

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


    Cited by:

    1. Jacques-François Thisse & Gilles Duranton, 1996. "La politique foncière dans une économie spatiale," Revue Économique, Programme National Persée, vol. 47(2), pages 227-261.
    2. Ahmed, Abu Nur Rashed & Yoshida, Yuichiro & Arnott, Richard James, 2022. "A new way of evaluating the optimality of a transportation improvement in a class of urban land use models," Journal of Urban Economics, Elsevier, vol. 128(C).
    3. Kuroda, Tatsuaki & Miyazawa, Kazutoshi, 2002. "Railways competition in a park-and-ride model," ERSA conference papers ersa02p122, European Regional Science Association.
    4. Duranton, Gilles & Deo, Stephane, 1999. "Financing Productive Local Public Goods," Journal of Urban Economics, Elsevier, vol. 45(2), pages 264-286, March.
    5. Zubieta, Lourdes, 1998. "A network equilibrium model for oligopolistic competition in city bus services," Transportation Research Part B: Methodological, Elsevier, vol. 32(6), pages 413-422, August.
    6. Kanemoto, Yoshitsugu & Kiyono, Kazuharu, 1995. "Regulation of commuter railways and spatial development," Regional Science and Urban Economics, Elsevier, vol. 25(4), pages 377-394, August.
    7. Yuichiro Yoshida & Abu Nur Rashed Ahmed, 2013. "Optimal Transportation Network in a Closed City under Residential and Absentee Land Ownerships," GRIPS Discussion Papers 12-23, National Graduate Institute for Policy Studies.
    8. Dröes, Martijn I. & Rietveld, Piet, 2015. "Rail-based public transport and urban spatial structure: The interplay between network design, congestion and urban form," Transportation Research Part B: Methodological, Elsevier, vol. 81(P2), pages 421-439.

    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:oup:restud:v:51:y:1984:i:4:p:665-681.. 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: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/restud .

    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.