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How Efficient are Intercity Railway Prices and Frequencies in Europe?: Comparing a Corridor in Belgium and in France

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  • Guillaume Monchambert
  • Stef Proost

Abstract

This paper studies the efficient pricing of medium-distance passenger rail in Europe. Current fares and frequencies are compared with three alternatives: first-best where road congestion is internalised; second-best where no road tolls are implemented; and third-best where a maximum rail deficit is also imposed. We find that second-best fares depend strongly on the non-internalised road congestion and on the price elasticity of the passengers, complicating the derivation of a national or regional fare structure. Second-best achieves a significant share of the first-best benefits, but adding a budget constraint makes second-best solutions difficult to implement for some corridors.

Suggested Citation

  • Guillaume Monchambert & Stef Proost, 2019. "How Efficient are Intercity Railway Prices and Frequencies in Europe?: Comparing a Corridor in Belgium and in France," Journal of Transport Economics and Policy, University of Bath, vol. 53(4), pages 323-32-347.
    • Handle: RePEc:tpe:jtecpo:2019:53:4:323--347
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    2. Monchambert, Guillaume, 2020. "Why do (or don’t) people carpool for long distance trips? A discrete choice experiment in France," Transportation Research Part A: Policy and Practice, Elsevier, vol. 132(C), pages 911-931.

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