How do different payment schemes to operators affect public transport concessions? A microeconomic model

Sepúlveda, Juan Pablo Morales; Galilea, Patricia

doi:10.1016/j.tranpol.2020.04.016

Cited by 6 publications

(3 citation statements)

References 22 publications

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“…Whether we pursue individual perceived benefits or parking lot benefits, all come at the cost of neglecting the other. This result is similar to many research findings that apply the truthful auction method to realize the incentive mechanism of mobile crowdsourcing service; i.e., it is considered difficult 13 Journal of Advanced Transportation to design a system that simultaneously satisfies individual rationality, budget balance and system efficiency [79][80][81][82][83].…”

Section: Effects Of Policy Benefitssupporting

confidence: 84%

Could the Incentive Policy of Shared Parking Be Sustainable? The Viewpoint of Personal Risk Aversion

Gao

Zheng

Jian

et al. 2022

Journal of Advanced Transportation

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Using an incentive measure to encourage people to share their private parking spaces could be an effective strategy for urban parking problems. This paper discusses an innovative mechanism of shared parking, “FlexPass,” which applies a reverse auction in which drivers propose bids in line with their individual expectations to share their idle parking spaces. The auction mechanism, hypotheses on bidding process principles, the competitive environment, and the risk-averse decisions of providers with regard to parking spaces are analysed to explore the sustainability of the economic benefits obtained for FlexPass parking spaces. A total of 216 respondents from the University of California, Berkeley, were invited to participate in bidding in an actual survey during their daily use of parking spaces. The analytical results show that operational rules based on risk aversion can enable profit-seeking with a bounded capability to obtain considerable economic benefits and release parking resources in an environment of demand competition. Particularly in some scenarios, FlexPass would sacrifice a certain monetary income to ensure the perceived benefits of parking space providers. With the improvement of people’s enthusiasm for participating in shared parking, the benefits to individuals and parking lots would be further enhanced, suggesting that our mechanism can operate sustainably over the long term. These findings are helpful for policymakers to formulate feasible shared parking policies from the perspective of monetary incentives.

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Section: Effects Of Policy Benefitssupporting

confidence: 84%

Could the Incentive Policy of Shared Parking Be Sustainable? The Viewpoint of Personal Risk Aversion

Gao

Zheng

Jian

et al. 2022

Journal of Advanced Transportation

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“…From a practical perspective, in many territories (large cities, districts, regions, etc.) private companies operate public transport systems under concession contracts granted by the local governments (Sepúlveda and Galilea 2020 ). These contracts are generally used to set bilateral conditions between private operators and public authorities.…”

Section: Introductionmentioning

confidence: 99%

Optimization and public transport tendering: a case study in Southern Italy

Corvello

Musmanno

Pavone³

et al. 2023

Public Transp

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This article presents a multi-start heuristic approach to a design problem motivated by a real-world application in the Italian transport system. Specifically, it focuses on the problem of designing optimal lots in the public transport organization. In defining lots (in terms of number, size, and boundaries) both cost and service level have to be considered. Under certain assumptions, we model the problem as a graph partitioning problem and consider the same performance measure indicated by the relevant decree-law enacted by the Italian Ministry of Transport. The multi-start algorithm proposed for individuating high-quality solutions for the problem uses adaptive large neighbourhood search. The results of a computational study based on real data from a region in Southern Italy are reported.

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“…By comparing the optimal frequency and least operating cost, it was concluded that autonomous financial constraints could interfere with the optimal pricing scheme. To study the impact of passenger number and frequency on subsidies, as well as the optimal pricing of these services [12][13][14], a microeconomic model was established. Further, a numerical simulation was implemented to aid in explaining and modifying the decisions of operators.…”

Section: Introductionmentioning

confidence: 99%

Optimizing the Subsidy Calculation Model of Urban Public Transport

Shao¹,

Zhang

Wang

et al. 2021

Mathematical Problems in Engineering

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In recent years, to alleviate and resolve the traffic problems in China, the government introduced a series of policies to subsidize public transportation. Accordingly, to effectively implement these financial subsidies, the formulation of a scientific model of urban public transport subsidy calculation, strict control of the total amount of financial subsidies, and clear identification of subsidy targets are necessary. In this study, a linear dual model is developed based on the principle of resource allocation and the economic meaning of shadow prices. The public transportation system of a city in China is considered an example, and both public transport operators and public interest stakeholders are considered. The subsidy calculation for service quality improvement is established for public transportation operations and vehicle transformation. Based on the validation using the above example, the calculation result is found to approximate the actual value, indicating the feasibility of the proposed model. Finally, this article presents suggestions pertaining to subsidy mechanism, operating environment, and service quality as a reference for urban public transport subsidies.

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How do different payment schemes to operators affect public transport concessions? A microeconomic model

Cited by 6 publications

References 22 publications

Could the Incentive Policy of Shared Parking Be Sustainable? The Viewpoint of Personal Risk Aversion

Could the Incentive Policy of Shared Parking Be Sustainable? The Viewpoint of Personal Risk Aversion

Optimization and public transport tendering: a case study in Southern Italy

Optimizing the Subsidy Calculation Model of Urban Public Transport

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