Workshop 7 report: Market initiative: Regulatory design, implementation and performance. (November 2016)

• Record Type: Journal Article
• Authors: Preston, John; van de Velde, Didier
• Is Part Of: Research in transportation economics. Volume 59(2015)
• Page Start: 343
• Page End: 348
• Publication Date: 2016-11
• Subjects: Market initiative -- Competition -- Incentives; L26 -- L92 -- L510; Transportation -- Periodicals; 388.05
• DOI: 10.1016/j.retrec.2016.10.010
• Languages: English
• ISSNs: 0739-8859

Abstract

Abstract: This workshop reviewed recent good and bad practice with respect to market initiatives in public transport, with consideration of express coach, rail, local bus and unconventional modes. The options for market-led initiatives, and the associated regulatory requirements, were re-assessed with a new model posited, inspired by the ski-lift industry. It is recommended that more pro-active development (by operators, authorities and third parties) of new measures is required, particularly to permit service coordination and fare, ticketing and information integration.