Paper (In Japanese)
A MODEL OF MULTI-MODAL COMMUTE WITH BOTTLENECK CONGESTION AND SCALE ECONOMIES IN RAIL TRANSIT
2021 Volume 77 Issue 2 Pages 72-82
Details
2021 Volume 77 Issue 2 Pages 72-82
This study develops a model of multi-modal commute with bottleneck congestion and scale economies in rail transit. To this end, we incorporate the models of de Palma et al.3) and Tabuchi2) into the standard bottleneck model1). We then show the properties of equilibria when the regulator sets rail fares equal to the marginal cost or average cost and when there is no regulation on rail fares. By comparing these equilibria, we clarify the impacts of the regulations on the number of rail commuters and commuting costs.
