de Palma, André; Kilani, Moez; Lindsey, Robin - In: Transportation Research Part B: Methodological 41 (2007) 5, pp. 573-591
This paper studies maintenance and tolling decisions by two competing private operators of roads that experience depreciation and congestion. Duopoly generally results in higher social costs not only than in the first-best optimum but also the second-best optimum in which roads can be maintained...