Berg, Vincent A. C. van den; Verhoef, Erik T. - 2011 - Version of 13 May 2011
widely used technical assumptions, firms set a volume/capacity ratio that is socially optimal, and thus the level of travel …. Hence, they are more concerned with the toll-competition substage, and set a higher volume/capacity ratio than sociall y … volume/capacity ratio. So the first firms to enter have a too short travel time from a social perspective, and the last firms …