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Discomfort in mass transit and its implication for scheduling and pricing

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  • André DE PALMA
  • Moez KILANI
  • Stefan PROOST

Abstract

This paper proposes an analytical formulation of discomfort in mass transit and discusses its micro-economic properties. The formula we introduce reflects real situations faced by the passengers, it has nice mathematical properties and it is easy to compute. The discomfort formulation is used to analyze optimal scheduling and pricing of transit in a dynamic model.

Suggested Citation

  • André DE PALMA & Moez KILANI & Stefan PROOST, 2013. "Discomfort in mass transit and its implication for scheduling and pricing," Working Papers of Department of Economics, Leuven ces13.01, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    • Handle: RePEc:ete:ceswps:ces13.01
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