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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/10011373827
horrid subject many times during the intervening thirty year period. Until Tullock (1996) my writing on road privatization … different matter, in my view. In this case, while I acknowledge that he has continued to build onto the road privatization …
Persistent link: https://www.econbiz.de/10014179743
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, and end users, in the context of road transportation. Using a game-theoretical analysis of suppliers' pricing strategies …, we assess the social welfare effects of traffic information under various road markets with different ownership regimes … negligible. Collusion of the road operator and information provider yields higher social welfare than independent pricing by two …
Persistent link: https://www.econbiz.de/10011381856
, and end users, in the context of road transportation. Using a game-theoretical analysis of suppliers' pricing strategies …, we assess the social welfare effects of traffic information under various road markets with different ownership regimes … negligible. Collusion of the road operator and information provider yields higher social welfare than independent pricing by two …
Persistent link: https://www.econbiz.de/10013138513
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...
Persistent link: https://www.econbiz.de/10012962709
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 from those under...
Persistent link: https://www.econbiz.de/10012971293
Persistent link: https://www.econbiz.de/10000544699