Browsing by Author "Ching, Clinton L."

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    The economic cost of the excess supply of jeepneys in Metro Manila
    (2008-04) Ching, Clinton L.; De Ramos, Lea Niigata E.; Tan, Edita
    The urban population of Metro Manila continues to grow every year. With this comes the increase in the demand for public transportation which is filled up by numerous road and rail-based transportations. However, the supply of public utility vehicles, particularly jeepneys, exceeded the demand. Due to this market inefficiency, large amount of costs are experienced by jeepney drivers, passengers and the society. The study estimates these costs and analyzes the problems associated with the transport system of Metro Manila. Numerous methods applied in previous studies were used to determine the various costs such as revenue loss, increase in fixed costs, cost of wasted fuel, man-hour loss and costs of premature death and morbidity. It was determined that the economic cost of the excess supply of jeepney units amounted to over PhP 150 billion, which is roughly 2.25% of the Philippine GDP in 2007.