Wang, Judith Y.T.; Lindsey, Robin; Yang, Hai - In: Transportation Research Part B: Methodological 45 (2011) 1, pp. 9-40
Nonlinear pricing (a form of second-degree price discrimination) is widely used in transportation and other industries but it has been largely overlooked in the road-pricing literature. This paper explores the incentives for a profit-maximizing toll-road operator to adopt some simple nonlinear...