IDEAS home Printed from https://ideas.repec.org/a/bla/ausecp/v39y2000i1p84-91.html
   My bibliography  Save this article

Pricing and Investment Decisions for a Tollway With Possible Route Substitution onto Alternative Congested Roads

Author

Listed:
  • Chongwoo Choe
  • Harry Clarke

Abstract

Socially optimal pricing and investment decisions are analysed for a tollway that experiences competition from unpriced, congested roads. The resulting ‘second‐best’ problem has a simple qualitative structure: optimal tolls are set lower than they would be without the unpriced congestion. The impact of such low tolls would be to induce higher levels of tollway traffic demand than would occur without route substitution possibilities. However, such demands are offset by installing less capacity than would be installed without route substitution.

Suggested Citation

  • Chongwoo Choe & Harry Clarke, 2000. "Pricing and Investment Decisions for a Tollway With Possible Route Substitution onto Alternative Congested Roads," Australian Economic Papers, Wiley Blackwell, vol. 39(1), pages 84-91, March.
    • Handle: RePEc:bla:ausecp:v:39:y:2000:i:1:p:84-91
    DOI: 10.1111/1467-8454.00076
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-8454.00076
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1467-8454.00076?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Babri, Sahar & McArthur, David Philip & Thorsen, Inge & Ubøe, Jan, 2013. "Optimum congestion pricing in a complex network," Discussion Papers 2013/4, Norwegian School of Economics, Department of Business and Management Science.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ausecp:v:39:y:2000:i:1:p:84-91. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0004-900X .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.