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In this paper I will analyze the structure conduct and performance approach of the Public Transportation Industry in general and then concentrate on the local regional aspect and talk about SEPTA Before I go in-depth I will briefly tell you what I am planning to achieve in my discussion For structure I will talk mainly about the number of firms concentration entry barriers product differentiation and changes in demand For conduct I will mainly focus on price discrimination and the importance of innovation in its services And finally in terms of the industrys performance I will discuss pricecost and profits First of all we all know that the Public Transportation Industry does not sell tangible products but they sell services transportation tofrom work school mall doctors office etc We also know that a substitute for Public Transportation can be something as simple as a car taxi bike or even walking But how many firms are there in the industry In Philadelphia area there is only one firm which has 100 of market share of local public transportation industry which is controlled by state and local authority and we can see that it is a monopoly that can charge the riders any price they desire Thus we see that SEPTA is highly concentrated CR1100 and HHI10000 According to the latest statistics gathered by the Federal Transit Administration tens of billions of dollars invested in transit during the last decade have done little but leave transportation support highly unbalanced we travel nearly one hundred times as much by auto as by transit yet we spend less than four times as much on highways as on transit Even though transportation is a service with peak demand issues SEPTA still can face inventory shortage By this I mean that there might be not enough buses to carry passengers in peak hours where on the contrary many buses would be standing in the terminal in off-peak hours and services
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