Urban Transportation Financing : : Theory and Policy in Ontario / / Mark w. Frankena.

• Superior document: Title is part of eBook package: De Gruyter University of Toronto Press eBook-Package Archive 1933-1999
• VerfasserIn: Frankena, Mark w.,
• Place / Publishing House: Toronto : : University of Toronto Press, , [2019]; ©1982
• Year of Publication: 2019
• Language: English
• Series: Heritage
• Physical Description: 1 online resource (242 p.)

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.

Table of 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