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This timely book deals with the problem of pricing passenger and freight transportation within Europe. The contributors argue that current legislation affecting pricing and regulation is increasingly less successful in dealing with market failures and externalities such as congestion, air...
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We develop a positive theory of pricing car access (by parking fees or cordon tolls) to downtown commercial districts … lobbying contribution schedules than superstores, which induces the government to underprice central roads and parking spaces … higher or lower parking fees, depending on their relative concern for the vitality of the central district. As a consequence …
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