Flexible walk-up fares bundle together a small set of individually forgettable freedoms that form more than the sum of their parts: they allow the railway to carry the uncertainty of passengers’ travel needs. In this blog post I argue that reasonably-priced walk-up fares are fundamentally incompatible with purely demand-responsive pricing, which instead transfers uncertainty from … Continue reading “A deceptively simple product: what we lose when walk-up fares go”