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Toll Competition Among Congested Roads
Engel, Eduardo M. R. A.; Galetovic, Alexander; Fischer, … - 2021
. When the franchised road has no close substitute, the government must regulate tolls. Yet when there are many ways of … sufficient conditions for the existence of an equilibrium in pure strategies with strictly positive tolls. Equilibrium congestion …. Franchise holders partially internalize congestion costs when setting tolls, which softens price competition. Second, when …
Persistent link: https://www.econbiz.de/10013245129
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Ownership and Use Taxes as Congestion Correcting Instruments
Chia, Ngee-Choon; Tsui, Albert K.C; Whalley, John - 2021
In countries, such as Singapore, that have implemented vehicle congestion policies, recent years have seen a shift towards motor vehicle taxes based on car use. Ownership taxes reduce the number of cars on the road, leaving the price per trip largely unaffected. Use taxes such as fuel taxes and...
Persistent link: https://www.econbiz.de/10013247191
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When are Anonymous Congestion Charges Consistent with Marginal Cost Pricing?
Arnott, Richard J.; Kraus, Marvin - 2021
these constraints undermine the feasibility of marginal cost pricing, and hence the applicability of the first-best theory …
Persistent link: https://www.econbiz.de/10013225057
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Network Effects, Congestion Externalities, and Air Traffic Delays : Or Why All Delays are Not Evil
Mayer, Christopher J.; Sinai, Todd M. - 2022
We examine two factors that might explain the extent of air traffic delays in the United States: network benefits due to hubbing and congestion externalities. Airline hubs enable passengers to cross-connect to many destinations, thus creating network benefits that increase in the number of...
Persistent link: https://www.econbiz.de/10013324451
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Superstitions, Street Traffic, and Subjective Well-Being
Anderson, Michael L. - 2015
Congestion plays a central role in urban and transportation economics. Existing estimates of congestion costs rely on stated or revealed preferences studies. We explore a complementary measure of congestion costs based on self-reported happiness. Exploiting quasi-random variation in daily...
Persistent link: https://www.econbiz.de/10013015550
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The Fundamental Law of Road Congestion : Evidence from Us Cities
Duranton, Gilles - 2010
We investigate the relationship between interstate highways and highway vehicle kilometers traveled (VKT) in US cities. We find that VKT increases proportionately to highways and identify three important sources for this extra VKT: an increase in driving by current residents; an increase in...
Persistent link: https://www.econbiz.de/10013150839
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Traffic Congestion and Infant Health : Evidence from E-Zpass
Currie, Janet - 2010
We exploit the introduction of electronic toll collection, (E-ZPass), which greatly reduced both traffic congestion and vehicle emissions near highway toll plazas. We show that the introduction of E-ZPass reduced prematurity and low birth weight among mothers within 2km of a toll plaza by 10.8%...
Persistent link: https://www.econbiz.de/10013150637
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Procurement Contracting with Time Incentives : Theory and Evidence
Bajari, Patrick - 2010
In public sector procurement, social welfare often depends on the time taken to complete the contract. A leading example is highway construction, where slow completion times inflict a negative externality on commuters. Recently, highway departments have introduced innovative contracting methods...
Persistent link: https://www.econbiz.de/10012757589
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Highway Franchising and Real Estate Values
Engel, Eduardo M. R. A.; Galetovic, Alexander; Fischer, … - 2021
with lower tolls. We study the welfare implications of highway franchises that benefit large developers, focusing on the … by developers in the auction affects equilibrium tolls and welfare. We find that large developers bid more aggressively … in the auction leads to lower tolls and higher welfare. Moreover, collusion among developers is socially desirable. We …
Persistent link: https://www.econbiz.de/10013218705
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Per-Mile Premiums for Auto Insurance
Edlin, Aaron S. - 2008
Americans drive 2,360,000,000,000 miles each year, far outstripping other nations. Every time a driver takes to the road, and with each mile she drives, she exposes herself and others to the risk of accident. Insurance premiums are only weakly linked to mileage, however, and have largely...
Persistent link: https://www.econbiz.de/10012774891