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The only significant road pricing scheme in the UK is that introduced by Ken Livingstone in London. But the technology now exists to develop a nationwide scheme of road user charging, with prices to road users varying with the level of congestion in a given area at a given time. The only...
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This paper investigates regulation by auctions of private supply of congestible infrastructures in two networks settings: 1) two serial facilities, where the consumer has to use both in order to consume; and 2) two parallel facilities that are imperfect substitutes. There are four market...
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explicitly model the process of arrival of new bidders, we can estimate the effect of congestion pricing on the number of bidders …, the distribution of bidders’ valuations, and the final selling price. Using the structural model we can also measure the …
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pseudo-monocentric city model to include multiple endogenously chosen transportation modes, including ride … increase public transit usage. However, the model predicts more significant increases in public transit ridership when ride …-hailing applications are subsidized as a "last-mile" provider. Our model indicates that whether ride-hailing services and public transit …
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