"Time Consistency of Congestion Tolls"
AbstractA congestion toll may have two purposes. First, to reduce congestion the current period. Second, to induce investment which will reduce demand and congestion in later periods. When government cannot credibly commit to future tolle, the optimal toll in the each period may be low, and congestion may be high.
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Bibliographic InfoPaper provided by California Irvine - School of Social Sciences in its series Papers with number 98-99-1.
Length: 9 pages
Date of creation: 1998
Date of revision:
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Postal: UNIVERSITY OF CALIFORNIA IRVINE, SCHOOL OF SOCIAL SCIENCES, IRVINECALIFORNIA 91717 U.S.A.
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Other versions of this item:
- Glazer, Amihai, 1999. "Time Consistency of Congestion Tolls," University of California Transportation Center, Working Papers qt1z55v5r8, University of California Transportation Center.
- Glazer, Amihai, 2000. "Time Consistency of Congestion Tolls," University of California Transportation Center, Working Papers qt22d6v77r, University of California Transportation Center.
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
- E00 - Macroeconomics and Monetary Economics - - General - - - General
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