Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

A Proposal for Revising New York's Subway Fare Structure

William S. Vickrey
Journal of the Operations Research Society of America
Vol. 3, No. 1 (Feb., 1955), pp. 38-68
Published by: INFORMS
Stable URL: http://www.jstor.org/stable/166727
Page Count: 31
  • Download ($30.00)
  • Cite this Item
A Proposal for Revising New York's Subway Fare Structure
Preview not available

Abstract

Consideration of the effect of the fare structure on the efficiency with which transit facilities are utilized leads to the conclusion that operation of a transit system on a self-liquidating or cost-covering basis, either by a private utility company or by a public authority, will inevitably fall considerably short of arriving at an optimum adjustment. Any governmental unit whose finances are in reasonably good shape can materially improve the over-all welfare of its residents by raising the rates of some appropriate taxes and lowering transit fares to a level conducive to more efficient utilization of the transit facilities. The most efficient utilization of the New York subway system requires a fare structure rather drastically different from those now generally in use, and generally at a level which would yield revenues falling considerably short of covering total costs.

Page Thumbnails

  • Thumbnail: Page 
38
    38
  • Thumbnail: Page 
39
    39
  • Thumbnail: Page 
40
    40
  • Thumbnail: Page 
41
    41
  • Thumbnail: Page 
42
    42
  • Thumbnail: Page 
43
    43
  • Thumbnail: Page 
44
    44
  • Thumbnail: Page 
45
    45
  • Thumbnail: Page 
46
    46
  • Thumbnail: Page 
47
    47
  • Thumbnail: Page 
48
    48
  • Thumbnail: Page 
49
    49
  • Thumbnail: Page 
50
    50
  • Thumbnail: Page 
51
    51
  • Thumbnail: Page 
52
    52
  • Thumbnail: Page 
53
    53
  • Thumbnail: Page 
54
    54
  • Thumbnail: Page 
55
    55
  • Thumbnail: Page 
56
    56
  • Thumbnail: Page 
57
    57
  • Thumbnail: Page 
58
    58
  • Thumbnail: Page 
59
    59
  • Thumbnail: Page 
60
    60
  • Thumbnail: Page 
61
    61
  • Thumbnail: Page 
62
    62
  • Thumbnail: Page 
63
    63
  • Thumbnail: Page 
64
    64
  • Thumbnail: Page 
65
    65
  • Thumbnail: Page 
66
    66
  • Thumbnail: Page 
67
    67
  • Thumbnail: Page 
68
    68