“…In part, this is motivated by the large amount of public funds spent subsidizing urban public transport systems in cities around the world. Although transit subsidies can be justi ed on economic e ciency grounds (Parry and Small, 2009), their distributive incidence is also relevant since equity and social objectives are often an explicit aim of these subsidies (Bondemark, et al, 2021) or gure prominently in policy discussions surrounding these bene ts. However, with few exceptions, most research on this topic has been undertaken for developed countries (Silver, et al, 2023;Börjesson, et al, 2020;Bueno Caden, et al, 2016;Asensio, et al, 2003; among others).…”