Abstract:In this paper a model for the optimisation of transit fares is proposed and tested on a trial network. This model considers a multimodal transportation system under the assumption of elastic demand for simulating the impacts of fare policies on modal split. The model takes into account all system and social costs: (transit and road) user costs, firm costs and external costs. First tests on a trial network show the non-negligible impacts of transit fare design on the overall transportation system conditions and… Show more
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.