"Time Consistency of Congestion Tolls".

A congestion toll may have two purposes. First, to reduce congestion the current period. Second, to induce investment which will reduce demand and congestion in later periods. When government cannot credibly commit to future tolle, the optimal toll in the each period may be low, and congestion may be high.

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Year of publication:	1998
Authors:	Glazer, A.
Institutions:	California Irvine - School of Social Sciences
Subject:	INVESTMENTS \| GOVERNMENT

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Series:	California Irvine - School of Social Sciences.
Type of publication:	Book / Working Paper
Notes:	9 pages
Classification:	E22 - Capital; Investment (including Inventories); Capacity ; E00 - Macroeconomics and Monetary Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005486825