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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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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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Give or take? Rewards vs. Charges for a Congested Bottleneck
Rouwendal, Jan; Verhoef, Erik T.; Knockaert, Jasper - 2010
rewards and taxes. The model considers a Vickrey-ADL model of bottleneck congestion with endogenous scheduling. With inelastic … efficiency viewpoint, because it attracts additional users to the congested bottleneck. As a result, both the second-best optimal …
Persistent link: https://www.econbiz.de/10010326061
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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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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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Is the Service Quality of Private Roads too Low, too High, or just Right when Firms compete Stackelberg in Capacity?
van den Berg, Vincent A.C.; Verhoef, Erik T. - 2011
We study road supply by competing firms between a single origin and destination. In previous studies, firms simultaneously set their tolls and capacities while taking the actions of the others as given in a Nash fashion. Then, under some widely used technical assumptions, firms set a...
Persistent link: https://www.econbiz.de/10010326029
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Product Differentiation on Roads: Second-Best Congestion Pricing with Heterogeneity under Public and Private Ownership
Verhoef, Erik T.; Small, Kenneth A. - 1999
We explore the properties of various types of public and private pricing on acongested road network with heterogeneous users and allowing for elasticdemand. Heterogeneity is represented by a continuum of values of time. Thenetwork consists of both serial and parallel links, which allows us to...
Persistent link: https://www.econbiz.de/10010324676
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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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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