Discomfort in Mass Transit and its Implication for Scheduling and Pricing
19 Pages Posted: 10 Mar 2013
Date Written: February 1, 2013
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 sheduling and pricing of transit in a dynamic model.
Keywords: public transport, congestion discomfort, timetable schedule delay cost
JEL Classification: R40, R41, R49
Suggested Citation: Suggested Citation