Depiction of Fares fair? The economics of setting ticket prices

Fares fair? The economics of setting ticket prices



Regulated rail fares in Great Britain are set to rise by 3% in real terms for each of the next three years, while the entire approach to fares setting is about to be subject to formal review. There are important economic issues surrounding these changes, such as the empirical evidence on how passengers respond to fare changes, and the types of fares regulation that might be introduced.


Related

Articles
7 minute read
Depiction of Adding value with a portfolio approach to funding reduction

Adding value with a portfolio approach to funding reduction

Budgets for capital projects are coming under pressure as funding is not being maintained in real price terms. The response from portfolio managers has been to cancel or postpone future projects or slow the pace of ongoing projects. If this is undertaken on an individual project level, it could lead… Read More

Articles
5 minute read
Depiction of Consumer Duty board reports: are firms prepared for the July 2024 deadline?

Consumer Duty board reports: are firms prepared for the July 2024 deadline?

The UK Financial Conduct Authority‚Äôs (FCA) Consumer Duty, a new outcomes-based regulation for financial services firms, has now been in force for over six months. July 2024 will see the deadline for the first annual Consumer Duty board reports. We share our reflections on the importance of these documents and… Read More

Back to top