English, Article, Journal or magazine article edition: US Highway Privatization and Heterogeneous Preferences Clifford Winston; Jia Yan

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Bookmark: http://trove.nla.gov.au/version/121192
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • US Highway Privatization and Heterogeneous Preferences
Author
  • Clifford Winston
  • Jia Yan
Physical Description
  • preprint
Notes
  • Abstract: We assess the welfare effects of highway privatization accounting for government’s behavior in setting the sale price, firms’ strategic behavior in setting tolls in various competitive environments, and motorists’ heterogeneous preferences for speedy and reliable travel. We conclude motorists can benefit from privatization if they are able to negotiate aggressively with a private provider to obtain tolls and service that align with their varying preferences. Surprisingly, motorists are likely to be better off negotiating with a monopolist than with duopoly providers or under public-private competition. Toll regulation may be counterproductive because it would treat motorists as homogeneous. Revised June 2009.
  • Security Breach Costs; Financial Distress; Insurance; Resource Allocation.
  • RePEc:wsu:wpaper:yan-2
Language
  • English
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