Showing 1 - 10 of 26
This paper discusses a number of issues centred around the evaluation of the benefits and costs of transport. It is argued that, for various reasons, transport cannot be treated as an ‘ordinary’ economic sector, and in the paper the policy implications of a number of the sector’s...
Persistent link: https://www.econbiz.de/10010339448
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traffic information on traveller behaviour. Specifically, we distinguish between the marginal impact of expected travel times …-phone with traffic information as a reward in our experiment respond to the deviation of actual travel times from the expectation …, which they did not do before. This we interpret as evidence that traffic information indeed affects behaviour. We also find …
Persistent link: https://www.econbiz.de/10011381015
Persistent link: https://www.econbiz.de/10001792735
In this study we have analysed policy interactions between an urban and a regional government which have different objectives (welfare of its own citizens) and two policy instruments (toll and capacity) available. Using a simulation model, we investigated the welfare consequences of the various...
Persistent link: https://www.econbiz.de/10011349179
-best network conditions. In contrast, losses from imposing a balanced-budget constraint when economies or diseconomies of scale …
Persistent link: https://www.econbiz.de/10011372982
This paper studies the efficiency impacts of private toll roads in initially untolled networks. The analysis allows for capacity and toll choice by private operators, and endogenizes entry and therewith the degree of competition, distinguishing and allowing for both parallel and serial...
Persistent link: https://www.econbiz.de/10011373827
This paper considers the use of ‘long-run cost functions’ for congested networks in solving second-best network … network is subject to tolling and/or capacity choice, and cases with and without a self-financing constraint imposed. We will … for most of the cases of interest, which can be used in an applied network model as a substitute for the conventional …
Persistent link: https://www.econbiz.de/10011376486
We study the efficiency of private supply of roads under demand uncertainty and evaluate various regulatory policies. Due to demand uncertainty, capacity is decided before demand is known but tolls can be adjusted after demand is known. Policy implications can differ considerably from those...
Persistent link: https://www.econbiz.de/10011602731
There has been wide interest in private supply of roads as a solution to traffic congestion. We study its efficiency … is an untolled substitute (complement) in the network. In contrast to the deterministic counterpart of the problem we …
Persistent link: https://www.econbiz.de/10011302395