Fu, Xinying; Berg, Vincent A. C. van den; Verhoef, Erik T. - 2017
travellers become more heterogeneous, they benefit more from product differentiation, and thus private supply of roads becomes … toll on his link without worrying that travellers will move to the other link. This can undermine the efficiency of private … supply of roads. The problem is especially severe with at tolls, where travellers in equilibrium tend to travel on separate …