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...

We study the efficiency of private supply of roads under demand uncertainty and evaluate various regulatory policies. Due to demand uncertainty, capacity is decided before demand is known but tolls can be adjusted after demand is known. Policy implications can differ considerably from those...

This paper investigates regulation by auctions of private supply of congestible infrastructures in two networks settings: 1) two serial facilities, where the consumer has to use both in order to consume; and 2) two parallel facilities that are imperfect substitutes. There are four market...

Die Autorin analysiert in der vorliegenden Arbeit die Auswirkungen von Überlasten im Bereich Verkehrs-Infrastrukturen und konzipiert einen ordnungspolitischen Maßnahmenkatalog für eine effizientere Nutzung dieser Fazilitäten. Der ökonomische Basisvorschlag besteht in der Implementierung des...