Arnott, Richard; Yan, An - Department of Economics, Boston College - 2000
Suppose that there are two congestible modes of travel from A to B - road and rail for concreteness - which are … first best, should the transportation planner choose a wider or narrower road, raise or lower the rail fare, and expand or … contract rail capacity? This paper provides a synthetic review of the literature on the problem, presents some new results, and …