Alternate Route: Toward Efficient Urban Transportation

Alternate Route: Toward Efficient Urban Transportation

by Clifford Winston, Chad Shirley
     
 

ISBN-10: 0815793812

ISBN-13: 9780815793816

Pub. Date: 11/11/1998

Publisher: Brookings Institution Press

This book develops an alternative solution to urban transportation dilemmas that is based on economic analysis while remaining realistic about political constraints on policy-makers. The authors estimate that efficient pricing and service policies could save more than $10 billion in annual net benefits over current practices, but argue that powerful, entrenched…  See more details below

Overview

This book develops an alternative solution to urban transportation dilemmas that is based on economic analysis while remaining realistic about political constraints on policy-makers. The authors estimate that efficient pricing and service policies could save more than $10 billion in annual net benefits over current practices, but argue that powerful, entrenched political and institutional forces will continue to thwart efficient economic solutions to improve urban transportation. They believe, however, that some form of privatization would likely improve social welfare more than an efficient public sector system. Facing fewer operating restrictions, greater economic incentives, and stronger competitive pressures, private suppliers could significantly improve the efficiency of urban operations and offer services that are more responsive to the needs of all travelers.

Product Details

ISBN-13:
9780815793816
Publisher:
Brookings Institution Press
Publication date:
11/11/1998
Edition description:
New Edition
Pages:
126
Product dimensions:
6.00(w) x 9.00(h) x (d)

Table of Contents

1Introduction and Overview1
2The Urban Transit Operating and Institutional Environment21
3Travelers' Preferences for Urban Transportation29
4The Economic Effects of Net-Benefit Maximization48
5Sources of Inefficiencies68
6An Alternative Route: Privatization89
7Conclusion107
App. AAverage Automobile Speeds109
App. BMeans for Modal Attributes, by Commuting Distance111
App. CParameter Estimates of Rail Attribute Equations117
App. DSources of the Welfare Loss from Transit, Based on Generalized Least Squares Estimation121
Index123

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