Evaluation Implications of Sub-Optimum Pricing

The note focuses on three specific ways in which sub-optimal pricing can impact on project benefits: 1) through congestion and overcrowding (Section 1); 2) through overpricing and loss of user benefits (Section 2); and 3) through financial deficits...

Full description

Bibliographic Details
Main Authors:	Mackie, Peter, Nellthorp, John, Laird, James
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	AVERAGE SPEED BUSES CONSUMER SURPLUS COST BENEFIT ANALYSIS DEFICITS DEMAND CURVE DEMAND FORECASTING DESIGN SPEED ECONOMIC ANALYSIS EROSION EXTERNALITY FARES FIXED COSTS FORECASTS FRAMEWORK INCOME JOURNEY JOURNEY TIME MARGINAL COST MOBILITY NATURAL MONOPOLY NET BENEFITS NET PRESENT VALUE PASSENGER PRICING POLICIES PRICING POLICY PRICING STRATEGIES PUBLIC TRANSPORT RAILWAYS ROAD PRICING ROAD TOLLS ROAD USER CHARGES ROADS SPEED TAXATION TRAFFIC TRAFFIC FLOW TRAFFIC SPEED TRAINS TRANSACTIONS COSTS TRANSPORT TRANSPORT ECONOMICS TRANSPORT PROJECTS TRIPS URBAN DEVELOPMENT VEHICLES
Online Access:	http://documents.worldbank.org/curated/en/2005/01/6367178/evaluation-implications-sub-optimum-pricing http://hdl.handle.net/10986/11788

id	okr-10986-11788
recordtype	oai_dc
spelling	okr-10986-117882021-04-23T14:02:57Z Evaluation Implications of Sub-Optimum Pricing Mackie, Peter Nellthorp, John Laird, James AVERAGE SPEED BUSES CONSUMER SURPLUS COST BENEFIT ANALYSIS DEFICITS DEMAND CURVE DEMAND FORECASTING DESIGN SPEED ECONOMIC ANALYSIS EROSION EXTERNALITY FARES FIXED COSTS FORECASTS FRAMEWORK INCOME JOURNEY JOURNEY TIME MARGINAL COST MOBILITY NATURAL MONOPOLY NET BENEFITS NET PRESENT VALUE PASSENGER PRICING POLICIES PRICING POLICY PRICING STRATEGIES PUBLIC TRANSPORT RAILWAYS ROAD PRICING ROAD TOLLS ROAD USER CHARGES ROADS SPEED TAXATION TRAFFIC TRAFFIC FLOW TRAFFIC SPEED TRAINS TRANSACTIONS COSTS TRANSPORT TRANSPORT ECONOMICS TRANSPORT PROJECTS TRIPS URBAN DEVELOPMENT VEHICLES The note focuses on three specific ways in which sub-optimal pricing can impact on project benefits: 1) through congestion and overcrowding (Section 1); 2) through overpricing and loss of user benefits (Section 2); and 3) through financial deficits which have implications for the rest of the economy (Section 3). Sections 1-3 of the Note seek to give practical advice on each situation, including how to approach the economic analysis of the situation, and the key implications for project appraisal. If pricing policy is not known with certainty at the time of the appraisal, then alternative pricing policies must form part of the risk and uncertainty analysis. This is covered in Section 4. Conclusions are given in Section 5. 2012-08-13T16:01:44Z 2012-08-13T16:01:44Z 2005-01 http://documents.worldbank.org/curated/en/2005/01/6367178/evaluation-implications-sub-optimum-pricing http://hdl.handle.net/10986/11788 English Transport Notes Series; No. TRN 23 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	AVERAGE SPEED BUSES CONSUMER SURPLUS COST BENEFIT ANALYSIS DEFICITS DEMAND CURVE DEMAND FORECASTING DESIGN SPEED ECONOMIC ANALYSIS EROSION EXTERNALITY FARES FIXED COSTS FORECASTS FRAMEWORK INCOME JOURNEY JOURNEY TIME MARGINAL COST MOBILITY NATURAL MONOPOLY NET BENEFITS NET PRESENT VALUE PASSENGER PRICING POLICIES PRICING POLICY PRICING STRATEGIES PUBLIC TRANSPORT RAILWAYS ROAD PRICING ROAD TOLLS ROAD USER CHARGES ROADS SPEED TAXATION TRAFFIC TRAFFIC FLOW TRAFFIC SPEED TRAINS TRANSACTIONS COSTS TRANSPORT TRANSPORT ECONOMICS TRANSPORT PROJECTS TRIPS URBAN DEVELOPMENT VEHICLES
spellingShingle	AVERAGE SPEED BUSES CONSUMER SURPLUS COST BENEFIT ANALYSIS DEFICITS DEMAND CURVE DEMAND FORECASTING DESIGN SPEED ECONOMIC ANALYSIS EROSION EXTERNALITY FARES FIXED COSTS FORECASTS FRAMEWORK INCOME JOURNEY JOURNEY TIME MARGINAL COST MOBILITY NATURAL MONOPOLY NET BENEFITS NET PRESENT VALUE PASSENGER PRICING POLICIES PRICING POLICY PRICING STRATEGIES PUBLIC TRANSPORT RAILWAYS ROAD PRICING ROAD TOLLS ROAD USER CHARGES ROADS SPEED TAXATION TRAFFIC TRAFFIC FLOW TRAFFIC SPEED TRAINS TRANSACTIONS COSTS TRANSPORT TRANSPORT ECONOMICS TRANSPORT PROJECTS TRIPS URBAN DEVELOPMENT VEHICLES Mackie, Peter Nellthorp, John Laird, James Evaluation Implications of Sub-Optimum Pricing
relation	Transport Notes Series; No. TRN 23
description	The note focuses on three specific ways in which sub-optimal pricing can impact on project benefits: 1) through congestion and overcrowding (Section 1); 2) through overpricing and loss of user benefits (Section 2); and 3) through financial deficits which have implications for the rest of the economy (Section 3). Sections 1-3 of the Note seek to give practical advice on each situation, including how to approach the economic analysis of the situation, and the key implications for project appraisal. If pricing policy is not known with certainty at the time of the appraisal, then alternative pricing policies must form part of the risk and uncertainty analysis. This is covered in Section 4. Conclusions are given in Section 5.
format	Publications & Research :: Brief
author	Mackie, Peter Nellthorp, John Laird, James
author_facet	Mackie, Peter Nellthorp, John Laird, James
author_sort	Mackie, Peter
title	Evaluation Implications of Sub-Optimum Pricing
title_short	Evaluation Implications of Sub-Optimum Pricing
title_full	Evaluation Implications of Sub-Optimum Pricing
title_fullStr	Evaluation Implications of Sub-Optimum Pricing
title_full_unstemmed	Evaluation Implications of Sub-Optimum Pricing
title_sort	evaluation implications of sub-optimum pricing
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/01/6367178/evaluation-implications-sub-optimum-pricing http://hdl.handle.net/10986/11788
_version_	1764417998343372800

Evaluation Implications of Sub-Optimum Pricing

Similar Items