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Product differentiation on roads : second-best congestion pricing with heterogeneity under public and private ownership
Verhoef, Erik T.; Small, Kenneth A. - 1999 - This version: 12/08/99
We explore the properties of various types of public and private pricing on acongested road network with heterogeneous users and allowing for elasticdemand. Heterogeneity is represented by a continuum of values of time. Thenetwork consists of both serial and parallel links, which allows us to...
Persistent link: https://www.econbiz.de/10011302138
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Product Differentiation on Roads: Second-Best Congestion Pricing with Heterogeneity under Public and Private Ownership
Verhoef, Erik T.; Small, Kenneth A. - Tinbergen Instituut - 1999
We explore the properties of various types of public and private pricing on acongested road network with heterogeneous users and allowing for elasticdemand. Heterogeneity is represented by a continuum of values of time. Thenetwork consists of both serial and parallel links, which allows us to...
Persistent link: https://www.econbiz.de/10011256416
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Product Differentiation on Roads: Second-Best Congestion Pricing with Heterogeneity under Public and Private Ownership
Verhoef, Erik T.; Small, Kenneth A. - 1999
We explore the properties of various types of public and private pricing on acongested road network with heterogeneous users and allowing for elasticdemand. Heterogeneity is represented by a continuum of values of time. Thenetwork consists of both serial and parallel links, which allows us to...
Persistent link: https://www.econbiz.de/10010324676
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Product Differentiation on Roads: Second-Best Congestion Pricing with Heterogeneity under Public and Private Ownership
Verhoef, Erik T.; Small, Kenneth A. - Tinbergen Institute - 1999
We explore the properties of various types of public and private pricing on a
Persistent link: https://www.econbiz.de/10005504898
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Chapter 46 Urban transportation
Small, Kenneth A.; Gómez-Ibáñez, José A. - In: Handbook of regional and urban economics : volume 3, …, (pp. 1937-1999). 1999
We use applied microeconomics to examine several salient problems of urban transportation: traffic congestion, air …
Persistent link: https://www.econbiz.de/10014023953
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Manipulable congestion tolls
Brueckner, Jan K.; Verhoef, Erik T. - 2009
The recent literature on congestion pricing with large agents contains a remarkable inconsistency: though agents are … large enough to recognize self-imposed congestion and exert market power over prices, they do not take into account the … impact of their own actions on the magnitude of congestion tolls. When large agents are confronted with tolls derived under …
Persistent link: https://www.econbiz.de/10011377567
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Manipulable Congestion Tolls
Brueckner, Jan K.; Verhoef, Erik T. - 2009
The recent literature on congestion pricing with large agents contains a remarkable inconsistency: though agents are … large enough to recognize self-imposed congestion and exert market power over prices, they do not take into account the … impact of their own actions on the magnitude of congestion tolls. When large agents are confronted with tolls derived under …
Persistent link: https://www.econbiz.de/10014210600
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Efficiency of decentralized road investment and pricing in a multi-jurisdictional city with spillovers
Brueckner, Jan K. - 2013
This paper shows that the inefficiency of fiscal decentralization in the presence of spillovers, a main tenet of the decentralization literature, is overturned in a particular transportation context. In a monocentric city where road (bridge) capacity is financed by budget-balancing user fees,...
Persistent link: https://www.econbiz.de/10009792215
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Efficiency of Decentralized Road Investment and Pricing in a Multi-Jurisdictional City with Spillovers
Brueckner, Jan K. - CESifo - 2013
This paper shows that the inefficiency of fiscal decentralization in the presence of spillovers, a main tenet of the decentralization literature, is overturned in a particular transportation context. In a monocentric city where road (bridge) capacity is financed by budget-balancing user fees,...
Persistent link: https://www.econbiz.de/10010691460
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Hypercongestion in downtown metropolis
Fosgerau, Mogens; Small, Kenneth A. - In: Journal of Urban Economics 76 (2013) C, pp. 122-134
Engineering studies demonstrate that traffic in dense downtown areas obeys a stable functional relationship between average speed and density, including a region of ‘hypercongestion’, where flow decreases with density. This situation can be described as queuing behind a bottleneck whose...
Persistent link: https://www.econbiz.de/10010666196