Economic regulation
Economic Regulation
Description / objective
Economic regulation covers the functions of tariff setting, and any competition for service provision (including market entry requirements). Tariff setting is affected by decisions regarding sector funding and cost recovery, and is covered in greater detail in the Fare Collection Systems Toolkit.
The various options for competition in service provision, and their relative merits under different contexts, form the core of the Urban Bus Toolkit.
ITS applications
None.
Advantages and cautions
None.