Pricing, Capacity Choice and Financing in Transportation Networks
AbstractThis paper explores the inerrelations between pricing, capacity choice and financing in transportation networks. It builds on the famous Mohring-Harwitz result on self-financing of optimally designed roads under optimal congestion pricing, and specifically asks the following questions: (1) to what extent does the result apply under conditions of second-best pricing?; (2) which are the implications of having uncongested (e.g. rural) roads in a network?; and (3) what is the role of fixed (annual) taxes in this context? The paper develops a small network model, with endogenous car-ownership, in order to study these questions both from an analytical and a numerical viewpoint.
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Bibliographic InfoPaper provided by European Regional Science Association in its series ERSA conference papers with number ersa03p41.
Date of creation: Aug 2003
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Other versions of this item:
- Erik T. Verhoef & Jan Rouwendal, 2004. "Pricing, Capacity Choice, and Financing in Transportation Networks," Journal of Regional Science, Wiley Blackwell, Wiley Blackwell, vol. 44(3), pages 405-435.
- Erik T. Verhoef & Jan Rouwendal, 2003. "Pricing, Capacity Choice and Financing in Transportation Networks," Tinbergen Institute Discussion Papers, Tinbergen Institute 03-027/3, Tinbergen Institute.
- R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion
- R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy
- D62 - Microeconomics - - Welfare Economics - - - Externalities
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-02-29 (All new papers)
- NEP-GEO-2004-02-29 (Economic Geography)
- NEP-URE-2004-02-29 (Urban & Real Estate Economics)
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