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In their official capacity as regulators, service providers, and investors, public officials have generally instituted policies that have led to inefficient and inequitable urban transportation. The only realistic way to improve the system is to privatize it
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This paper assesses governmental performance in its investment, provision, and regulation of urban transportation. Attention is given to public bus and rail transit and road transportation. Evidence based on urban transport in U.S. cities reveals substantial allocative and technical...
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