How To Franchise Highways
Barcelona commuters receive a monthly highway bill, without ever having stopped at a tollbooth. Cars on the Autostrada, which connects Milan, Florence, Rome and Naples, whiz past roadside electronic readers that automatically deduct credit from prepaid smartcards which are similar to the copycards familiar to library users. Electronic toll collection is now used on the Esterel-Cote d'Azur; two toll-ring systems in Norway; the Dallas North Tollway; the Oklahoma Turnpikes; and two facilities in New Orleans. Reliability and accuracy rates run as high as 99.9 per cent. Unless there is successful labour resistance, by the year 2000 electronic toll collection will be operating on every major toll facility in the United States. Stopping at tollbooths will be obsolete for all but the infrequent traveller. The advance in technology is accompanied by a shift in policy. The franchising of highway services is now under way: California has four projects in progress; Virginia, one project; and planning is in hand in many other states. Furthermore, the Intermodal Surface Transportation Efficiency Act of 1991 will bring a tide of new projects, as it permits the commingling of federal and private funds. Different approaches to franchising have been used. This article investigates the alternatives and proposes a plan for highway franchising.
|Date of creation:||01 May 1993|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.escholarship.org/repec/uctc/
More information through EDIRC
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.:
- Demsetz, Harold, 1971. "On the Regulation of Industry: A Reply," Journal of Political Economy, University of Chicago Press, vol. 79(2), pages 356-63, March-Apr.
- Victor P. Goldberg, 1976. "Regulation and Administered Contracts," Bell Journal of Economics, The RAND Corporation, vol. 7(2), pages 426-448, Autumn.
- Thomas W. Hazlett, 1986. "Competition Vs. Franchise Monopoly In Cable Television," Contemporary Economic Policy, Western Economic Association International, vol. 4(2), pages 80-97, 04.
- Klein, Daniel B, 1990.
"The Voluntary Provision of Public Goods? The Turnpike Companies of Early America,"
Western Economic Association International, vol. 28(4), pages 788-812, October.
- Klein, Daniel B., 1990. "The Voluntary Provision of Public Goods? The Turnpike Companies of Early America," University of California Transportation Center, Working Papers qt2587p3z1, University of California Transportation Center.
- Klein, D., 1989. "The Voluntary Provision Of Public Goods? The Turnpike Companies Of Early America," Papers 89-08, California Irvine - School of Social Sciences.
- Klein, Daniel, 1990. "The Voluntary Provision of Public Goods? The Turnpike Companies of Early America," University of California Transportation Center, Working Papers qt0js4r8h9, University of California Transportation Center.
- Aschauer, David Alan, 1989.
"Is public expenditure productive?,"
Journal of Monetary Economics,
Elsevier, vol. 23(2), pages 177-200, March.
- Oi, Walter Y, 1971. "A Disneyland Dilemma: Two-Part Tariffs for a Mickey Mouse Monopoly," The Quarterly Journal of Economics, MIT Press, vol. 85(1), pages 77-96, February.
- Zupan, Mark A, 1989. "The Efficacy of Franchise Bidding Schemes in the Case of Cable Television: Some Systematic Evidence," Journal of Law and Economics, University of Chicago Press, vol. 32(2), pages 401-56, October.
When requesting a correction, please mention this item's handle: RePEc:cdl:uctcwp:qt79z9x6fs. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lisa Schiff)
If references are entirely missing, you can add them using this form.