This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Optimal pricing of endogenous congestion: a disaggregated approach

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Christelle Viauroux () (UMBC)
Abstract

We design and estimate a game theoretic congestion pricing mechanism in which the regulator aims at reducing traffic congestion by discriminating travelers according to their willingness to travel on the network. He knows that travelers learn about their environment, that their preferences are affected by the reputation of each available mode of transportation and that congestion can be seen as a Bayesian game in which travelers impose externalities on each other. We derive individual optimal fares depending on each traveler's valuation of transportation. Welfare simulation results based on a French household survey show that the travelers' perception of the mode of transportation and income sensitivity differences are important determinants of welfare improvement.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.umbc.edu/economics/wpapers/wp_09_107.pdf
File Format: application/pdf
File Function:
Download Restriction: no

Publisher Info
Paper provided by UMBC Department of Economics in its series UMBC Economics Department Working Papers with number 09-107.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 37 pages
Date of creation: Apr 2007
Date of revision: 17 Jul 2009
Handle: RePEc:umb:econwp:09107

Contact details of provider:
Postal: UMBC Department of Economics 1000 Hilltop Circle Baltimore MD 21250, USA
Phone: 410-455-2160
Fax: 410-455-1054
Web page: http://www.umbc.edu/economics
More information through EDIRC

Order Information:
Email:

For technical questions regarding this item, or to correct its listing, contact: (Christelle Viauroux).

Related research
Keywords: regulatory policy; endogenous congestion; incomplete information; reputation effects; welfare simulation;

Find related papers by JEL classification:
R4 - Urban, Rural, and Regional Economics - - Transportation Systems
D8 - Microeconomics - - Information, Knowledge, and Uncertainty
D6 - Microeconomics - - Welfare Economics

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Small, Kenneth A. & Yan, Jia, 2001. "The Value of "Value Pricing" of Roads: Second-Best Pricing and Product Differentiation," Journal of Urban Economics, Elsevier, vol. 49(2), pages 310-336, March. [Downloadable!] (restricted)
    Other versions:
  2. Cremer, Jacques & Hariton, Cyril, 1999. "The Pricing of Critical Applications in the Internet," Journal of the Japanese and International Economies, Elsevier, vol. 13(4), pages 281-310, December. [Downloadable!] (restricted)
  3. Myerson, Roger B, 1979. "Incentive Compatibility and the Bargaining Problem," Econometrica, Econometric Society, vol. 47(1), pages 61-73, January. [Downloadable!] (restricted)
    Other versions:
  4. Viauroux, Christelle, 2007. "Structural estimation of congestion costs," European Economic Review, Elsevier, vol. 51(1), pages 1-25, January. [Downloadable!] (restricted)
  5. Cremer, Jacques, 2000. "Network externalities and universal service obligation in the internet," European Economic Review, Elsevier, vol. 44(4-6), pages 1021-1031, May. [Downloadable!] (restricted)
Full references

Statistics
Access and download statistics

Did you know? IDEAS also indexes books.

This page was last updated on 2009-12-7.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.