Showing 1 - 10 of 28
Mohring and Harwitz (1962) showed that, under certain conditions, an optimally designed and priced road would generate … that finding. This paper briefly summarizes further research on the relationship between congestion-toll revenues and road …
Persistent link: https://www.econbiz.de/10011255592
We study interaction between the trips of two types of drivers on a two-lane road who differ by their desired speeds … classical Pigou-Knight model where the marginal external costs are an increasing function of the number of road users. In our … traffic restrictions) or prohibition of slow drivers to enter the road is in practice (i.e. taking into account costs …
Persistent link: https://www.econbiz.de/10011255724
This paper develops a continuous-time -continuous-place economic model of road trafficcongestion with a bottleneck …
Persistent link: https://www.econbiz.de/10011255871
that elimination of queuing time under optimal road pricing induces individuals to spend more time at home and to have … predict cities to become denser with road pricing. …
Persistent link: https://www.econbiz.de/10011255885
setting where commuters have to pay road tolls set by the city government. The main issue is not which exact type of game is … road investment changes, the performance relative to the optimal situation remains more or less equal for all cases. …
Persistent link: https://www.econbiz.de/10011255918
changed. A striking feature of the policy in which the capacities of both modes/routes and the railway fare/toll on one road …
Persistent link: https://www.econbiz.de/10011255998
This paper considers the use of ‘long-run cost functions’ for congested networks in solving second-best network problems, in which capacity and tolls are instruments. We derive analytical results both for general cost and demand functions and for specific functional forms, namely Bureau of...
Persistent link: https://www.econbiz.de/10011256078
setting where commuters have to pay road tolls set by the city government. The main issue is not which exact type of game is … road investment changes, the performance relative to the optimal situation remains more or less equal for all cases. …
Persistent link: https://www.econbiz.de/10005136964
This paper explores the interrelations between pricing, capacity choice and financing in transportation networks. It builds on the famous Mohring-Harwitz result on self-financing of optimally designed roads under optimal congestion pricing, and specifically investigates its ins and outs in a...
Persistent link: https://www.econbiz.de/10005137173
Mohring and Harwitz (1962) showed that, under certain conditions, an optimally designed and priced road would generate … that finding. This paper briefly summarizes further research on the relationship between congestion-toll revenues and road …
Persistent link: https://www.econbiz.de/10005137215