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even more unpopular with the populace than stateindependent tolling. We study this using dynamic bottleneck congestion with … congestion pricing are alternative alleviating policies. A state-dependent toll equals the state-dependent marginal external cost … an uncertain capacity that can have two states: high or low. We consider two congestion pricing regimes: responsive state …
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with congestion. It is shown that the optimal amount of governmental input diminishes with uncertainty and that the optimal … deterministic congestion models, but also on the degree of risk aversion. …
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