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-profit result and thus leads to a lower welfare, whereas without uncertainty various forms of competitive auctions can attain this …
Persistent link: https://www.econbiz.de/10011602731
There has been wide interest in private supply of roads as a solution to traffic congestion. We study its efficiency under demand uncertainty: we solve for equilibrium and optimum as benchmarks, and evaluate the efficiency of possible regulatory policies for private road operators. We obtain...
Persistent link: https://www.econbiz.de/10011302395
This paper discusses a number of issues that will become increasingly important nowthat the concept of marginal external cost pricing becomes more likely to be implementedas a policy strategy in transport in reality. The first part of the paper deals with thelong-run efficiency of marginal...
Persistent link: https://www.econbiz.de/10011299976
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objectives (welfare of its own citizens) and two policy instruments (toll and capacity) available. Using a simulation model, we … investigated the welfare consequences of the various regimes that result when both governments compete, and take sequential … decisions on prices and capacities. We find that competition between governments may not be very beneficial to overall welfare …
Persistent link: https://www.econbiz.de/10011349179
interpretation of the Mohring-Harwitz rule may lead to substantial welfare losses. These losses are particularly prominent when the …
Persistent link: https://www.econbiz.de/10011372982
This paper studies the efficiency impacts of private toll roads in initially untolled networks. The analysis allows for capacity and toll choice by private operators, and endogenizes entry and therewith the degree of competition, distinguishing and allowing for both parallel and serial...
Persistent link: https://www.econbiz.de/10011373827
We investigate the impacts of in-vehicle activities of commuters in the autonomous car on aggregate travel patterns. We allow for an autonomous car to affect the utility difference between being at home and being in the vehicle differently than the utility difference between being at work and...
Persistent link: https://www.econbiz.de/10012102419