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Road Pricing: Old Beliefs, Present Awareness and Future Research Patterns

Marcucci, Edoardo - 1999

The theoretical evolution of academic beliefs and practical policymakers' perceptions of road pricing (from now on rp) as an instrument of efficient and equitable allocation of resources are described and analysed. The aim of the paper is to reconstruct the logical evolution of the theory behind...

Persistent link: https://www.econbiz.de/10011608468

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

Inside the Queue

Verhoef, Erik T. - 2002

, based on car-following theory. The model integrates twoarchetype congestion technologies used in the economics literature …: 'static flow congestion',originating in the works of Pigou, and 'dynamic bottleneck congestion', pioneered byVickrey. Because …

Persistent link: https://www.econbiz.de/10010324868

The Economics of Airport Congestion Pricing

Pels, Eric; Verhoef, Erik - 2003

Conventional economic wisdom suggests that congestion pricing would be an appropriate response to cope with the growing … congestion levels currently experienced at many airports. Several characteristics of aviation markets, however, may make naive … congestion prices equal to the value of marginal travel delays a non-optimal response. This paper develops a model of airport …

Persistent link: https://www.econbiz.de/10010324757

Competition in Multi-Modal Transport Networks: A Dynamic Approach

van der Weijde, Adriaan Hendrik; Verhoef, Erik T.; van … - 2012

We analyse the behaviour of market participants in a multi-modal commuter network where roads are not priced, but public transport has a usage fee, which is set while taking the effects on the roads into account. In particular, we analyse the difference between markets with a monopolistic public...

Persistent link: https://www.econbiz.de/10010326294

Pricing, Capacity Choice and Financing in Transportation Networks

Verhoef, Erik T.; Rouwendal, Jan - 2003

builds on the famous Mohring-Harwitz result on self-financing ofoptimally designed roads under optimal congestion pricing …

Persistent link: https://www.econbiz.de/10010324956

Speed-Flow Relations and Cost Functions for Congested Traffic: Theory and Empirical Analysis

Verhoef, Erik T. - 2003

A dynamic 'car-following' extension of the conventional economic model of traffic congestion is presented, which …

Persistent link: https://www.econbiz.de/10010324964

Second-best Pricing for Imperfect Substitutes in Urban Networks

Rouwendal, Jan; Verhoef, Erik T. - 2003

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/10010325058

Self-Financing Roads

Verhoef, Erik T.; Mohring, Herbert - 2007

that finding. This paper briefly summarizes further research on the relationship between congestion-toll revenues and road …

Persistent link: https://www.econbiz.de/10010325229

Pricing, Capacity and Long-run Cost Functions for First-best and Second-best Network Problems

Verhoef, Erik T.; Koh, Andrew; Shepherd, Simon - 2008

This paper considers the use of ‘long-run cost functions’ for congested networks in solving second-best network problems, in which capacity and tolls are instruments. We derive analytical results both for general cost and demand functions and for specific functional forms, namely Bureau of...

Persistent link: https://www.econbiz.de/10010325789

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