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heterogeneity in environmental preferences, car types, and income, the study further highlights that the effectiveness of such … with heterogeneity, nudging information may result in negative welfare effects by causing welfare-reducing swaps in road …
Persistent link: https://www.econbiz.de/10015175628
"Robot cars" are cars that allow for automated driving. They can drive closer together than human driven "normal cars" and thereby raise road capacity. Obtaining a robot car instead of a normal car can also be expected to lower the userś value of time losses (VOT), because travel time can be...
Persistent link: https://www.econbiz.de/10010532595
We study different mixes of private and public supply of roads in a network with bottleneck congestion and heterogeneous users. In our setting, there are two parallel links for one origin and destination pair and two groups of travellers, where the group with higher value of time also has higher...
Persistent link: https://www.econbiz.de/10011602727
preference heterogeneity, bottleneck congestion and linear capacity cost. Previous work has shown that a sufficient condition for … user at all moments when their users travel. However, under 'ratio heterogeneity' between values of time (VOT) and schedule … 0% to 1.5%. We also analyze other forms of heterogeneity: proportional heterogeneity, heterogeneity in the preferred …
Persistent link: https://www.econbiz.de/10013279893
Asphalt roads are gradually deteriorating over time and need road mending to remain in a good state. Inspections are performed to obtain information about the current state of the road; when the damage achieves the established standards, the road is repaired through a maintenance action that is...
Persistent link: https://www.econbiz.de/10010371101
One of the main unanswered questions in the field of urban economics is to which extent subsidies to public transit are justified. We examine one of the main benefits of public transit, a reduction in car congestion externalities, the so-called congestion relief benefit, using quasi-natural...
Persistent link: https://www.econbiz.de/10010477114
There has been wide interest in private supply of roads as a solution to traffic congestion. We study its efficiency under demand uncertainty: we solve for equilibrium and optimum as benchmarks, and evaluate the efficiency of possible regulatory policies for private road operators. We obtain...
Persistent link: https://www.econbiz.de/10011302395
We study road supply by competing firms between a single origin and destination. In previous studies, firms simultaneously set their tolls and capacities while taking the actions of the others as given in a Nash fashion. Then, under some widely used technical assumptions, firms set a...
Persistent link: https://www.econbiz.de/10011386470
This paper considers second-best pricing as it arises through incomplete coverage of full networks. The main principles are first reviewed by considering the classic two-route problem and some extensions that have been studied more recently. In most of these studies the competing routes are...
Persistent link: https://www.econbiz.de/10011334348
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