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Give or Take? Rewards vs. Charges for a Congested Bottleneck

Rouwendal, Jan; Verhoef, Erik T.; Knockaert, Jasper - 2010

rewards and taxes. The model considers a Vickrey-ADL model of bottleneck congestion with endogenous scheduling. With inelastic … efficiency viewpoint, because it attracts additional users to the congested bottleneck. As a result, both the second-best optimal …

Persistent link: https://www.econbiz.de/10014193583

Inside the Queue : Hypercongestion and Road Pricing in a Continuous Time - Continuous Place Model of Traffic Congestion

Verhoef, Erik T. - 2003

This paper develops a continuous-time - continuous-place economic model of road traffic congestion with a bottleneck …: 'static flow congestion', originating in the works of Pigou, and 'dynamic bottleneck congestion', pioneered by Vickrey … model. In a setting with endogenous departure time choice and with a bottleneck along the route, it is shown that …

Persistent link: https://www.econbiz.de/10014106720

Pricing, Capacity Choice and Financing in Transportation Networks

Verhoef, Erik T.; Rouwendal, Jan - 2003

This paper explores the interrelations between pricing, capacity choice and financingin transportation networks. It builds on the famous Mohring-Harwitz result on self-financing ofoptimally designed roads under optimal congestion pricing, and specifically investigates itsins and outs in a...

Persistent link: https://www.econbiz.de/10010324956

Second-best Pricing for Imperfect Substitutes in Urban Networks

Rouwendal, Jan; Verhoef, Erik T. - 2003

This paper considers second-best pricing as it arises through incomplete coverage of full networks. The main principles are first reviewed by considering the classic two-route problem and some extensions that have been studied more recently. In most of these studies the competing routes are...

Persistent link: https://www.econbiz.de/10010325058

Pricing, Capacity and Long-run Cost Functions for First-best and Second-best Network Problems

Verhoef, Erik T.; Koh, Andrew; Shepherd, Simon - 2008

This paper considers the use of ‘long-run cost functions’ for congested networks in solving second-best network problems, in which capacity and tolls are instruments. We derive analytical results both for general cost and demand functions and for specific functional forms, namely Bureau of...

Persistent link: https://www.econbiz.de/10010325789

Self-financing roads

Verhoef, Erik T.; Mohring, Herbert - 2007

Mohring and Harwitz (1962) showed that, under certain conditions, an optimally designed and priced road would generate user toll revenues just sufficient to cover its capital costs. Several scholars subsequently explored the robustness of that finding. This paper briefly summarizes further...

Persistent link: https://www.econbiz.de/10011372982

Private roads

Verhoef, Erik T. - 2007 - This version: 25/06/08

This paper studies the efficiency impacts of private toll roads in initially untolled networks. The analysis allows for capacity and toll choice by private operators, and endogenizes entry and therewith the degree of competition, distinguishing and allowing for both parallel and serial...

Persistent link: https://www.econbiz.de/10011373827

Second-best congestion pricing schemes in the monocentric city

Verhoef, Erik T. - 2004

This paper considers second-best congestion pricing in the monocentric city, with endogenous residential density and endogenous labour supply. A spatial general equilibrium model is developed that allows consideration of the three-way interactions between urban density, traffic congestion and...

Persistent link: https://www.econbiz.de/10011337992

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

Pricing, Capacity Choice and Financing in Transportation Networks

Verhoef, Erik T.; Rouwendal, Jan - 2004

This paper explores the interrelations between pricing, capacity choice and financing in transportation networks. It builds on the famous Mohring-Harwitz result on self-financing of optimally designed roads under optimal congestion pricing, and specifically investigates its ins and outs in a...

Persistent link: https://www.econbiz.de/10014087406