Engel, Eduardo M. R. A.; Galetovic, Alexander; Fischer, … - 2021
paper studies toll competition among private roads with congestion. The paper derives two main results. First, we find … sufficient conditions for the existence of an equilibrium in pure strategies with strictly positive tolls. Equilibrium congestion …-of-pocket cost paid by a user, it increases the congestion cost thereby reducing the drivers' willingness to pay for using the road …