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pricingschemes bestudied from the perspective of the theory of the second best. Thesecomplications include pricing in networks …
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The provision of public transit is thought to reduce travel time losses that are due to car congestion. For this reason, it is economically justified to subsidise public transit from a welfare perspective as it creates a congestion-relief benefit. The main goal of this paper is to quantify the...
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costs incurred only on two congested bridges. The first-best regime requires tolls on both bridges, whereas only the inner …
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