A PUBLIC CHOICE ANALYSIS OF PUBLIC TRANSIT OPERATING SUBSIDIES

摘要: This paper investigates the impact of public operating subsidies on performance transit systems across U.S. and examines how political economic factors enter into this subsidy-cost relationship. Specifically, using data 118 local agencies for years 1984 through 1986, it is found that larger local, state, federal translate significantly higher costs per vehicle revenue hour. The adverse cost particularly great financed by state sources transferred to serving small cities. State are estimated account half inflation associated with finance deficits. result suggests when bulk a system's deficit taxpayers residing outside area, share borne residents and, hence, their incentive become informed about monitor agency's reduced.