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| Sunyoung Park |
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| ''Fair revenue sharing for public transportation system in Seoul metropolitan area'' |
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| With an introduction of a new payment card for public
transportation system, a new fare schedule was announced in Seoul
metropolitan area from July 1, 2004. Since the card makes it
possible to figure out the traffic patterns of public transportation
users, a user''s fare depends on his/her traffic pattern. Moreover,
the city allocates its revenue between various bus and subway
companies based on the traffic patterns. In this paper, we
investigate the properties of various revenue sharing rules by
taking cooperative game theoretic approach. |
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| Keywords: Fair revenue sharing, public
transportation system, Shapley value |
JEL: H0 - Public Economics: General
H8 - Public Economics: Miscellaneous Issues: General |
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| Manuscript Received : Feb 27 2008 | | Manuscript Accepted : Feb 27 2008 |
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