Liu, Qiumin; Berg, Vincent A. C. van den; Verhoef, Erik T. - 2024
. We find that price sensitivity and its interplay with uncertainty have important implications for the effects of tolling … uncertainty, but it lowers welfare with uncertain capacity. Next, "third-best" tolling adds the further constraint that, besides a …-best one-raise the price compared to the no-toll case. In our numerical study, when there is less uncertainty, the second …