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It is often argued in the US that HOV (high occupancy vehicle) lanes are wasteful and should be converted to HOT (high occupancy vehicles and toll lanes). In this paper, we construct a simple model of commuters using a highway with multiple lanes, in which commuters are heterogeneous in their...
Persistent link: https://www.econbiz.de/10008461351
, including standardization and the treatment of out-of-towners. Political acceptability is an even more serious obstacle. How can …
Persistent link: https://www.econbiz.de/10005102718
Persistent link: https://www.econbiz.de/10005074129
For presentation at CESifo Venice Summer Institute 2001, Workshop on Environmental Economics and the Economics of Congestion: Coping with Externalities, Venice International University, San Servolo, July 18-19,2001.
Persistent link: https://www.econbiz.de/10005074147
This paper asks the question, "How should the level of mass transit service be adjusted when road pricing is introduced for a substitute auto mode?" The reference point for the introduction of road pricing is second-best optimization in transit. Because this involves below- marginal-cost pricing...
Persistent link: https://www.econbiz.de/10008828689
This paper is concerned with the application of microeconomic theory to resource allocation in the transportation sector. The basic questions it addresses are how transportation should be priced and how capacity should be determined. Three models, the traditional highway pricing and investment...
Persistent link: https://www.econbiz.de/10005027879
There are constraints on pricing congestible facilities. First, if heterogeneous users are observationally indistinguishable, then congestion charges must be anonymous. Second, the time variation of congestion charges may be constrained. Do these constraints undermine the feasibility of marginal...
Persistent link: https://www.econbiz.de/10005074103
Persistent link: https://www.econbiz.de/10005074112
We study whether cultural attitudes towards gender, the young, and leisure are significant determinants of the … culture exploiting the evolution over time within country as well as across countries, of cultural attitudes. We also address … the endogeneity of attitudes, policies and institutions, and allow for the persistent nature of labor market outcomes. We …
Persistent link: https://www.econbiz.de/10008494407
According to the standard model of urban traffic congestion and urban spatial structure, congestion tolling results in a more concentrated city. In recent years, a new model of rush hour urban auto congestion has been developed which incorporates trip-timing decisions: the bottleneck model. In...
Persistent link: https://www.econbiz.de/10004968836