The government-owned transport corporations that provide intra city bus service in India suffer from huge loss. Hence it is necessary to improve the earnings of the transport corporations by innovative pricing. This paper looks at the passengers' reservation price for assured seat and builds up...

The market economy progresses on the strength of human drive for income and accumulation. Income earned through rules-permitted activities brings prosperity. But for some economic agents, violation of laws and rules offers easier ways to earn income and wealth. The agents of law-enforcing...