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Private road networks with uncertain demand

Fu, Xinying; Berg, Vincent A. C. van den; Verhoef, Erik T. - 2015

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...

Persistent link: https://www.econbiz.de/10011302395

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

Self-production, friction, and risk sharing against disasters : evidence from a developing country

Sawada, Yasuyuki; Nakata, Hiroyuki; Kotera, Tomoaki - 2011

extended version of the consumption risk-sharing hypothesis. The test explicitly incorporates self-production and uses natural … disasters such as avian influenza, droughts, and floods to identify the effectiveness of market and non-market risk …-sharing mechanisms. With these additional treatments, full risk sharing cannot be rejected, which suggests the presence of omitted …