M, Engel Eduardo; Ronald, Fischer; Alexander, Galetovic - In: The B.E. Journal of Economic Analysis & Policy 4 (2004) 1, pp. 1-21
Roads are being franchised to private firms in many countries, raising the issue of regulating the tolls they charge. When there is more than one road to get from one point to another, regulation need not be necessary, since competition may substitute for toll regulation. This paper studies toll...