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The effect of private road supply on the volume/capacity ratio when firms compete Stackelberg in Road Capacity
Berg, Vincent A. C. van den - 2011 - Version of 04 March 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 the same...
Persistent link: https://www.econbiz.de/10011536414
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Miles, speed and technology : traffic safety under oligopolistic insurance
Dementyeva, Maria; Verhoef, Erik T. - 2015
This paper studies road safety and accident externalities when insurance companies have market power, and can influence road users' driving behaviour via insurance premiums. We obtain both welfare and profit maximizing marginal conditions for first- and second-best insurance premiums for...
Persistent link: https://www.econbiz.de/10010477906
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Is the service quality of private roads too Low, too high, or just right when firms compete stackelberg in capacity?
Berg, Vincent A. C. van den; Verhoef, Erik T. - 2011 - Version of 13 May 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/10011386470
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Private road supply in networks with heterogeneous users
Fu, Xinying; Berg, Vincent A. C. van den; Verhoef, Erik T. - 2017
We study different mixes of private and public supply of roads in a network with bottleneck congestion and heterogeneous users. In our setting, there are two parallel links for one origin and destination pair and two groups of travellers, where the group with higher value of time also has higher...
Persistent link: https://www.econbiz.de/10011602727
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Human-driven vehicles' cruising versus autonomous vehicles' backand-forth congestion : the effects on traveling, parking and congestion
Yu, Xiaojuan; Berg, Vincent A. C. van den - 2024
the social optimum under user-equilibrium constraints and compare it to the unpriced user equilibrium. Without pricing … negative. In our numerical model, with optimal pricing, the introduction of AVs always reduces travel costs. In terms of … efficiency of pricing is significantly impacted by the congestion interactions. When only one congestion type exists, it …
Persistent link: https://www.econbiz.de/10014530219
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Private road networks with uncertain demand
Fu, Xinying; Berg, Vincent A. C. van den; Verhoef, Erik T. - 2015
value. When forced to apply the second-best optimal pricing, the private supplier makes an expected loss (profit) if there …
Persistent link: https://www.econbiz.de/10011302395
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Subways and Road Congestion
Gu, Yizhen - 2020
We study whether subways alleviate road congestion by examining 45 subway line launches in China and using detailed data on road speed. Our difference-in-differences estimation finds that in the first year after a subway line is launched, rush-hour speed on nearby roads increases by about 4%....
Persistent link: https://www.econbiz.de/10012850599
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Tackling Traffic : The Economic Cost of Congestion in Metro Vancouver
Dachis, Benjamin - 2015
The hidden costs of congestion are between $500 million and $1.2 billion a year for the Metro Vancouver area, according to a new report from the C.D. Howe Institute. In “Tackling Traffic: The Economic Cost of Congestion in Metro Vancouver,” author Benjamin Dachis finds that when congestion...
Persistent link: https://www.econbiz.de/10013026418
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Private road networks with uncertain demand
Fu, Xinying; Berg, Vincent A. C. van den; Verhoef, Erik T. - 2017
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/10011602731
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Auctions for Private Congestible Infrastructures
van den Berg, Vincent A.C - 2013
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...
Persistent link: https://www.econbiz.de/10014166117