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Pricing, Capacity Choice and Financing in Transportation Networks
Verhoef, Erik T.; Rouwendal, Jan - 2003
This paper explores the interrelations between pricing, capacity choice and financingin transportation networks. It builds on the famous Mohring-Harwitz result on self-financing ofoptimally designed roads under optimal congestion pricing, and specifically investigates itsins and outs in a...
Persistent link: https://www.econbiz.de/10010324956
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Second-best Pricing for Imperfect Substitutes in Urban Networks
Rouwendal, Jan; Verhoef, Erik T. - 2003
This paper considers second-best pricing as it arises through incomplete coverage of full networks. The main principles are first reviewed by considering the classic two-route problem and some extensions that have been studied more recently. In most of these studies the competing routes are...
Persistent link: https://www.econbiz.de/10010325058
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Self-Financing Roads
Verhoef, Erik T.; Mohring, Herbert - 2007
Mohring and Harwitz (1962) showed that, under certain conditions, an optimally designed and priced road would generate user toll revenues just sufficient to cover its capital costs. Several scholars subsequently explored the robustness of that finding. This paper briefly summarizes further...
Persistent link: https://www.econbiz.de/10010325229
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Pricing, Capacity and Long-run Cost Functions for First-best and Second-best Network Problems
Verhoef, Erik T.; Koh, Andrew; Shepherd, Simon - 2008
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/10010325789
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Inside the Queue
Verhoef, Erik T. - 2002
This paper develops a continuous-time -continuous-place economic model of road trafficcongestion with a bottleneck …: 'static flow congestion',originating in the works of Pigou, and 'dynamic bottleneck congestion', pioneered byVickrey. Because …. In a setting with endogenous departure timechoice and with a bottleneck along the route, it is shown that …
Persistent link: https://www.econbiz.de/10010324868
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Speed-Flow Relations and Cost Functions for Congested Traffic: Theory and Empirical Analysis
Verhoef, Erik T. - 2003
empirically using traffic data from a Dutch bottleneck. …
Persistent link: https://www.econbiz.de/10010324964
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Bottleneck Congestion: Differentiating the Coarse Charge
Knockaert, Jasper; Verhoef, Erik T.; Rouwendal, Jan - 2010
The traditional bottleneck model for road congestion promotes the implementation of a triangular, fully time varying … traditional bottleneck model to analyse how the coarse charge can be differentiated over two groups of travellers assuming …
Persistent link: https://www.econbiz.de/10010325982
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Second-best Congestion Pricing Schemes in the Monocentric City
Verhoef, Erik T. - 2004
Paper submission from Erik Verhoef (everhoef@econ.vu.nl)Discussion Paper Submission Form - STEP 1This discussion paper abstract is submitted by Erik Verhoef (everhoef@econ.vu.nl)Template-Type: ReDIF-Paper 1.0Series: Tinbergen Institute Discussion PapersCreation-Date: Number: Author-Name: Erik T...
Persistent link: https://www.econbiz.de/10010325187
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Private Roads
Verhoef, Erik T. - 2007
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/10010325235
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The stability of downtown parking and traffic congestion
Arnott, Richard J.; Inci, Eren - 2009
In classical traffic flow theory, there are two velocities associated with a given level of traffic flow. Following Vickrey, economists have termed travel at the higher speed congested travel and at the lower speed hypercongested travel. Since the publication of Walters. classic paper, there has...
Persistent link: https://www.econbiz.de/10010264538