Why States Toll: An Empirical Model of Finance Choice
AbstractThis paper examines the question of why some states impose tolls while others rely more heavily on fuel and other taxes. A model to predict the share of street and highway revenue from tolls is estimated as a function of the share of non-resident workers, the policies of neighbouring states, historical factors, and population. The more non-resident workers, the greater the likelihood of tolling, after controlling for the miles of toll road planned or constructed before the 1956 Interstate Act. Similarly if a state exports a number of residents to work out-of-state and those neighbouring states toll, it will be likely to retaliate by imposing its own tolls. Decentralisation of finance and control of the road network from the federal to the state, metropolitan, and city and county levels of government will increase the incentives for the highway-managing jurisdiction to impose tolls. ? The London School of Economics and the University of Bath 2001
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Bibliographic InfoArticle provided by London School of Economics and University of Bath in its journal Journal of Transport Economics and Policy.
Volume (Year): 35 (2001)
Issue (Month): 2 (May)
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Web page: http://www.bath.ac.uk/e-journals/jtep
Other versions of this item:
- David Levinson, 2001. "Why States Toll: An Empirical Model of Finance Choice," Working Papers 200102, University of Minnesota: Nexus Research Group.
- R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Systems - - - General
- R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Systems - - - Government Pricing and Policy
- H22 - Public Economics - - Taxation, Subsidies, and Revenue - - - Incidence
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
- D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C - Mathematical and Quantitative Methods
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