Urban transportation financing : theory and policy in Ontario / Mark W. Frankena.

Format:

Book

Author/Creator:

Frankena, Mark W., author.

Series:

Ontario Economic Council research studies ; 26.

Ontario Economic Council Research Studies, 0708-3688 ; 26

Language:

English

Subjects (All):

Urban transportation--Ontario--Finance.

Urban transportation.

Local transit--Ontario--Finance.

Local transit.

Local transit--Fares--Ontario.

Urban transportation policy--Ontario.

Urban transportation policy.

Ontario.

Genre:

Electronic books.

Physical Description:

1 online resource (242 pages) : illustrations.

Place of Publication:

Toronto, [Ontario] ; Buffalo, [New York] ; London, [England] : University of Toronto Press, 1982.

Language Note:

In English.

Summary:

This is an economic analysis of pricing and subsidy policies for urban roads and urban public transit in Ontario. Professor Frankena demonstrates the benefits of evaluating the economic merits of policy alternatives, and attempts to determine whether existing policies waste resources or lead to undesirable income transfers among different groups in the population. He concludes that resources are being wasted because the use of urban roads is substantially underpriced during periods of peak demand. He also finds that while there are sound economic justifications for substantial public transit subsidies, the allocation of subsidies by the Ontario government on the basis of capital expenditures can be expected to waste resources, as can the maximization of ridership which is likely to lead to detrimental fare and service policies. In conclusion, Frankena suggests improvements in the systems for charging people for the use of roads and public transit and in the ways that governments provide subsidies.

Contents:

Frontmatter

Contents

Preface

1. Introduction

2. Road pricing policies

3. Transit fare policies: central issues

4. Transit fare policies: additional issues

5. The justification for transit subsidies

6. Historical transit subsidies in Ontario

7. Effects of transit subsidies

8. How subsidies can affect service, fares, and ridership

9. Subsidies and transit trends in Ontario

10. An econometric model of subsidy effects in Ontario

11. Implications for public policy

APPENDIX A. Distributional effects of road pricing

APPENDIX B. Second-best pricing of public transit with unpriced automobile congestion

APPENDIX C. Efficiency of alternative transit objectives and subsidy formulas

APPENDIX D. Glossary of variables

Bibliography

Ontario Economic Council Research Studies

Notes:

Includes bibliographical references.

Description based on print version record.

ISBN:

9781487597207

1487597207

9781487595494

1487595492

OCLC:

1091658841