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In the face of rising congestion on the nation's road system, policymakers have explored ways to reduce travel delays. One approach has been to allocate reserved lanes - called high-occupancy-vehicle (HOV) lanes - to vehicles carrying two or more people. A recent innovation is to allow solo...
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, to be dramaticallyunderestimated. Product differentiation produces some unexpecteddistributional effects, including the …
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, to be dramaticallyunderestimated. Product differentiation produces some unexpecteddistributional effects, including the …
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. Solving the model leads to several new insights, including that the marginal cost of adding a traveler is especially sensitive …
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The economic theory behind congestion pricing relies on using the revenues to help compensate highway users. But can practical methods of using revenues come close to achieving this compensation, and still have salient appeal to important political groups? This paper investigates the...
Persistent link: https://www.econbiz.de/10010817754
The economic theory behind congestion pricing relies on using the revenues to help compensate highway users. But can practical methods of using revenues come close to achieving this compensation, and still have salient appeal to important political groups? This paper investigates the...
Persistent link: https://www.econbiz.de/10010817761