@article{ref1,
title="A review of issues in transit economics",
journal="Research in transportation economics",
year="2008",
author="Gwilliam, Ken",
volume="23",
number="1",
pages="4-22",
abstract="This paper reviews the development of thought on the major issues in transit economics over the last 50 years, in developed and developing countries. Some issues - the analysis of cost and demand parameters - are perennial, with development mostly in the mathematical sophistication of analytical techniques employed, while others - such as issues of ownership and competitive form - reflect wider trends in economic thinking. Some issues - such as the relationship between transit and development - are universal, while others - such as the role of small vehicles and the informal sector - impact mostly on developing countries. One conclusion stands out. Transit is critical to the achievement of a wide range of social, economic and environmental objectives and, therefore, needs appropriate institutions to ensure its integration with the strategic management of the rest of urban development policy.<p />",
language="",
issn="0739-8859",
doi="10.1016/j.retrec.2008.10.002",
url="http://dx.doi.org/10.1016/j.retrec.2008.10.002"
}