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- W777443300 abstract "This research investigates the possibility of the provision of urban bus transit service in selected markets by a private for-profit carrier. The heart of the research is a private market model which models the way in which a for-profit carrier selects service quality and price. The purpose of the private market model is to facilitate analysis of situations in which a private transit provider would, or could be induced to, provide service. The results indicate that profitable service is feasible in a wide variety of market situations when the only alternative is the private car. Moreover, there is considerable flexibility available to the private carrier. If, however, the private carrier must compete with a subsidized or public carrier, private-carrier entry is deterred in all but the largest markets. When competition is only with the private car, profits can be sufficient to cover the non-Federal costs of providing an exclusive roadway. Volume 2 of this research analyses the labor costs of transit provision, with particular reference to the size of the firm. It concludes that transit provision by small firms would reduce labor costs substantially, enable the economic use of minibuses, and aid in the attainment of the goal of profitable service." @default.
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- W777443300 date "1983-11-01" @default.
- W777443300 modified "2023-09-27" @default.
- W777443300 title "THE FEASIBILITY AND DESIRABILITY OF PRIVATELY-PROVIDED TRANSIT SERVICES. EXECUTIVE SUMMARY" @default.
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