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The independence of volume-capacity ratio of private toll roads in general networks

  • Wu, Di
  • Yin, Yafeng
  • Yang, Hai
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In a general traffic network under some widely used assumptions, this paper proves that the level of service, represented by the volume-capacity (v/c) ratio, offered by a profit-maximizing private firm on a private toll road is independent of another competitor's choice of capacity and toll rate for another private toll road. The v/c ratio will be the same as the one provided by a centralized welfare-maximizing traffic authority. Moreover, the ratio remains the same even in a regulated market where the authority imposes a cap for the generalized travel cost on the private toll road.

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File URL: http://www.sciencedirect.com/science/article/B6V99-5003BRC-1/2/ed24e5c3cec56f08034cac43818929b6
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Article provided by Elsevier in its journal Transportation Research Part B: Methodological.

Volume (Year): 45 (2011)
Issue (Month): 1 (January)
Pages: 96-101

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Handle: RePEc:eee:transb:v:45:y:2011:i:1:p:96-101
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  1. Tan, Zhijia & Yang, Hai & Guo, Xiaolei, 2010. "Properties of Pareto-efficient contracts and regulations for road franchising," Transportation Research Part B: Methodological, Elsevier, vol. 44(4), pages 415-433, May.
  2. Ubbels, Barry & Verhoef, Erik T., 2008. "Auctioning concessions for private roads," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(1), pages 155-172, January.
  3. Xiao, Feng & Yang, Hai & Han, Deren, 2007. "Competition and efficiency of private toll roads," Transportation Research Part B: Methodological, Elsevier, vol. 41(3), pages 292-308, March.
  4. Jyh-Fa Tsai & Chih-Peng Chu, 2003. "The analysis of regulation on private highway investment under a build-operate-transfer scheme," Transportation, Springer, vol. 30(2), pages 221-243, May.
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