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the value of time and schedule delay. The welfare gain of a time-variant toll increases with heterogeneity in the value of … there is not much more heterogeneity in the value of time than in the value of schedule delay, then first-best tolling … of time and schedule delay: it raises prices more for users with an average value of schedule delay and a slightly larger …
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This paper models strategic interactions between a product supplier, a provider of information about product quality, 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...
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The traditional bottleneck model for road congestion promotes the implementation of a triangular, fully time varying …
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December 1999 - The presence of preexisting tax distortions, and the form of revenue recycling, can crucially affect the size - and possibly even the sign - of the welfare effect of road pricing schemes. The efficiency gains from recycling congestion tax revenues in other tax reductions can...
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continuously distributed value of time. Since a congestion charge raises the cost of commuting to work, it can decrease employment … that there only exists a single value of time. This is somewhat surprising since one of the main features of a congestion … charge is that it sorts people according to their value of time, given the existence of feasible transport alternatives. This …
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