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Rail commuters face 20% rise in ticket prices as cap is axed - Evening Standard
In article ,
wrote: In article , (Roy Badami) wrote: In article , wrote: In article , (Roy Badami) wrote: Er, it's not quite that simple. Cap and collar isn't cost-free to TOCs and higher fares could drive passengers away, worsening their results. Therefore they might not accept the change without some compensation. Oh, I see. Yes, presumably there would have to be an agreed estimate of demand elasticity to allow calculation of how many passengers would be lost. You could then scale the revenue levels that cap and collar are based on appropriately, and also calculate the change in subsidy or premium. Presumably the process won't be entirely cost free, but I'm not sure I'd expect it to be hugely expensive either. -roy |
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