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Article: The optimal transit fare structure under different market regimes with uncertainty in the network

TitleThe optimal transit fare structure under different market regimes with uncertainty in the network
Authors
KeywordsMarket regime
Monopoly
Network equilibrium
Oligopolistic competition
Reliability
Social optimum
Transit fare
Issue Date2009
PublisherSpringer New York LLC. The Journal's web site is located at http://springerlink.metapress.com/openurl.asp?genre=journal&issn=1566-113x
Citation
Networks And Spatial Economics, 2009, v. 9 n. 2, p. 191-216 How to Cite?
AbstractThis paper proposes a network-based model for investigating the optimal transit fare structure under monopoly and oligopoly market regimes with uncertainty in the network. The proposed model treats the interaction between transit operators and transit passengers in the market as a two-level hierarchical problem with the transit operator sub-model at the upper-level and the transit passenger sub-model at the lower-level. The upper-level problem is to determine the fare structure so as to optimize the objective function of the transit operators, whereas the lower-level problem represents the path choice equilibrium of the transit passengers. In order to consider the uncertainty effects on transit network, the proposed model incorporates the unreliability component of transit services into the passenger disutility function, which is mainly due to variations of the in-vehicle travel time and the dwelling time of transit vehicles at stops. With the use of the proposed model, a numerical example is given to assess the impacts of the market regimes and the unreliability of the transit services on the optimal transit fare structure. © Springer Science + Business Media, LLC 2009.
Persistent Identifierhttp://hdl.handle.net/10722/58572
ISSN
2015 Impact Factor: 3.25
2015 SCImago Journal Rankings: 2.120
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorLi, ZCen_HK
dc.contributor.authorLam, WHKen_HK
dc.contributor.authorWong, SCen_HK
dc.date.accessioned2010-05-31T03:32:43Z-
dc.date.available2010-05-31T03:32:43Z-
dc.date.issued2009en_HK
dc.identifier.citationNetworks And Spatial Economics, 2009, v. 9 n. 2, p. 191-216en_HK
dc.identifier.issn1566-113Xen_HK
dc.identifier.urihttp://hdl.handle.net/10722/58572-
dc.description.abstractThis paper proposes a network-based model for investigating the optimal transit fare structure under monopoly and oligopoly market regimes with uncertainty in the network. The proposed model treats the interaction between transit operators and transit passengers in the market as a two-level hierarchical problem with the transit operator sub-model at the upper-level and the transit passenger sub-model at the lower-level. The upper-level problem is to determine the fare structure so as to optimize the objective function of the transit operators, whereas the lower-level problem represents the path choice equilibrium of the transit passengers. In order to consider the uncertainty effects on transit network, the proposed model incorporates the unreliability component of transit services into the passenger disutility function, which is mainly due to variations of the in-vehicle travel time and the dwelling time of transit vehicles at stops. With the use of the proposed model, a numerical example is given to assess the impacts of the market regimes and the unreliability of the transit services on the optimal transit fare structure. © Springer Science + Business Media, LLC 2009.en_HK
dc.languageengen_HK
dc.publisherSpringer New York LLC. The Journal's web site is located at http://springerlink.metapress.com/openurl.asp?genre=journal&issn=1566-113xen_HK
dc.relation.ispartofNetworks and Spatial Economicsen_HK
dc.subjectMarket regimeen_HK
dc.subjectMonopolyen_HK
dc.subjectNetwork equilibriumen_HK
dc.subjectOligopolistic competitionen_HK
dc.subjectReliabilityen_HK
dc.subjectSocial optimumen_HK
dc.subjectTransit fareen_HK
dc.titleThe optimal transit fare structure under different market regimes with uncertainty in the networken_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1566-113X&volume=9&spage=191&epage=216&date=2009&atitle=The+optimal+transit+fare+structure+under+different+market+regimes+with+uncertainty+in+the+networken_HK
dc.identifier.emailWong, SC:hhecwsc@hku.hken_HK
dc.identifier.authorityWong, SC=rp00191en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1007/s11067-007-9058-zen_HK
dc.identifier.scopuseid_2-s2.0-66149138062en_HK
dc.identifier.hkuros155835en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-66149138062&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume9en_HK
dc.identifier.issue2en_HK
dc.identifier.spage191en_HK
dc.identifier.epage216en_HK
dc.identifier.isiWOS:000266142300003-
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridLi, ZC=26643300400en_HK
dc.identifier.scopusauthoridLam, WHK=7203022024en_HK
dc.identifier.scopusauthoridWong, SC=24323361400en_HK

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