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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 …
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expansions of the rail or highway network over time. In this paper, we study the short-run effects of a large discrete shock in …
Persistent link: https://www.econbiz.de/10012098258
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
This paper focuses on the network character of a multimodal transportsystem in which interconnectivity is the key … travellers in regard to theperformance of a multimodal network. This finding may prove to beuseful for network operators who aim …
Persistent link: https://www.econbiz.de/10011302146