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DTSTART:20231029T030000
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UID:calendar.132352.field_date.0@www.tse-fr.eu
DTSTAMP:20260310T163720Z
CREATED:20230721T121001Z
DESCRIPTION:Lucas Conwell (University College\, London)\, “Subways or Minib
 uses? Privatized Provision of Public Transit”\, Behavior\, Institutions\, 
 and Development Seminar\, November 9\, 2023\, 11:00–12:30\, room Auditoriu
 m 4.\n\nWorkers in developing countries waste significant time commuting\,
  and gaps in public transit constrain access to productive jobs. In many c
 ities\, privately-operated minibuses provide 50–100% of urban transit\, at
  the cost of long wait times and poor personal safety for riders. Should d
 eveloping-country cities follow the typical recommendation of bus rapid tr
 ansit or subway investments or rather optimize this existing\, home-grown 
 network? I build a micro-founded model of privatized shared transit subjec
 t to externalities in matching between buses and passengers. I then estima
 te the model with newly collected data on minibus and passenger queues in 
 Cape Town and stated user preferences for exogenously-varied commute attri
 butes. I find that Cape Town’s existing bus rapid transit decreased welfar
 e\, net of costs\, but socially-optimal minibus fares and commuter taxes c
 orrect matching externalities\, particularly benefit low-skill workers\, a
 nd reduce spatial misallocation. Government actions to improve security br
 ing even more substantial welfare gains.
DTSTART;TZID=Europe/Paris:20231109T110000
DTEND;TZID=Europe/Paris:20231109T123000
LAST-MODIFIED:20260113T095129Z
LOCATION:November 9\, 2023\, 11:00–12:30\, room Auditorium 4
SUMMARY:Behavior\, Institutions\, and Development Seminar
URL;TYPE=URI:https://www.tse-fr.eu/seminars/2023-subways-or-minibuses-priva
 tized-provision-public-transit
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