Pricing
Pricing
(08 Feb 2017, 10:33 am)eezypeazy Sorry, Andreos, I'm not sure what point you're trying to make there.
As enthusiasts, we welcome all the improvements in the service that you've listed. As fare payers, we ought to note and rejoice that GNE's fares changes (some went down as well as up recently!) are usually more than 12 months apart (some recently have been changed only after 18 months, and the child fares changes last year were after four and a half years) - the implication being that the Company is doing all it can to limit fares increases (unlike some other companies, and the railways, where annual changes are implemented). Economists teach that changes in prices can cause changes in demand, measured by a thing called 'elasticity', so falling prices might increase demand, and will change the margin earned - which could be to the delight of shareholders.
If GNE can do all that, and invest in the 20, it's beginning to sound like a reasonably well-run outfit...
(08 Feb 2017, 10:33 am)eezypeazy Sorry, Andreos, I'm not sure what point you're trying to make there.
As enthusiasts, we welcome all the improvements in the service that you've listed. As fare payers, we ought to note and rejoice that GNE's fares changes (some went down as well as up recently!) are usually more than 12 months apart (some recently have been changed only after 18 months, and the child fares changes last year were after four and a half years) - the implication being that the Company is doing all it can to limit fares increases (unlike some other companies, and the railways, where annual changes are implemented). Economists teach that changes in prices can cause changes in demand, measured by a thing called 'elasticity', so falling prices might increase demand, and will change the margin earned - which could be to the delight of shareholders.
If GNE can do all that, and invest in the 20, it's beginning to sound like a reasonably well-run outfit...
