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Second-best road pricing through highway franchising

Verhoef, Erik T. - 2005

This paper considers the welfare impacts of a range of franchising regimes for congestible highways. For a single road in isolation, it is shown that a competitive auction with the level of road use as the decision criterion produces the socially optimal road (in terms of capacity and toll...

Persistent link: https://www.econbiz.de/10011346479

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/10014069183

Is the Service Quality of Private Roads too Low, too High, or just Right when Firms compete Stackelberg in Capacity?

van den Berg, Vincent A.C.; Verhoef, Erik T. - 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/10010326029

Speed-Flow Relations and Cost Functions for Congested Traffic : Theory and Empirical Analysis

Verhoef, Erik T. - 2003

empirically using traffic data from a Dutch bottleneck …

Persistent link: https://www.econbiz.de/10014075960

Inside the Queue

Verhoef, Erik T. - 2002

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

Persistent link: https://www.econbiz.de/10010324868

Product Differentiation on Roads: Second-Best Congestion Pricing with Heterogeneity under Public and Private Ownership

Verhoef, Erik T.; Small, Kenneth A. - 1999

We explore the properties of various types of public and private pricing on acongested road network with heterogeneous users and allowing for elasticdemand. Heterogeneity is represented by a continuum of values of time. Thenetwork consists of both serial and parallel links, which allows us to...

Persistent link: https://www.econbiz.de/10010324676

Step Tolling with Price Sensitive Demand : Why More Steps in the Toll Makes the Consumer Better Off

van den Berg, Vincent A.C. - 2012

Most dynamic models of congestion pricing use fully time-variant tolls. However, in practice, tolls are uniform over the day or at most have a few steps. Such uniform and step tolls have received surprisingly little attention from the literature. Moreover, most models that do study them assume...

Persistent link: https://www.econbiz.de/10013106858

Step tolling with price sensitive demand: why more steps in the toll makes the consumer better off

Berg, Vincent A. C. van den - 2012

pricing ; step tolls ; bottleneck model ; price sensitive demand ; consumer surplus ; political acceptability …

Persistent link: https://www.econbiz.de/10009557893

Bottleneck Congestion : Differentiating the Coarse Charge

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

The traditional bottleneck model for road congestion promotes the implementation of a triangular, fully time varying … traditional bottleneck model to analyse how the coarse charge can be differentiated over two groups of travellers assuming …

Persistent link: https://www.econbiz.de/10014190947

Pricing in the stochastic bottleneck model with price-sensitive demand

Liu, Qiumin; Berg, Vincent A. C. van den; Verhoef, Erik T. - 2024

We analyse time-varying tolling in the stochastic bottleneck model with price-sensitive demand and uncertain capacity … demand. These outcomes differ fundamentally from those found for first-best pricing in the deterministic bottleneck model …

Persistent link: https://www.econbiz.de/10014472536