The Fourth Transportation Student Research Symposium
Abstract Detail
| Name | School | Title of presentation |
| Michael Frumin | MIT | The Efficiency of Public Transport Fare Payment Choices in London: Best Value and Revenue Impacts |
| London's public transport system is priced by mode, distance, and time of day. Customers using the Oyster smart card system are able to pre-pay for individual trips or purchase unlimited use period tickets. In early 2005, one-day tickets were replaced with daily capping, by which the oyster system automatically guarantees the best possible value for a single day's travel. In this paper, a large sample of electronic Oyster records is used to estimate the efficiency of fare payment choices among Transport for London's customers. The savings and losses resulting from these individual decisions are scaled up to estimate the overall revenue impacts of different policy approaches. Of primary interest is the revenue loss that would result from extending the capping scheme to weekly and monthly periods, and possible strategies to remain revenue-neutral in the face of such a loss. |
Events Page
Visit the New England Section of ITE events page for news about other upcoming events around New England, including a Mass ITE Chapter meeting .