English, Article edition: Road Pricing in a Serial Network Se-il Mun; Ki-jung Ahn

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Road Pricing in a Serial Network
Author
  • Se-il Mun
  • Ki-jung Ahn
Physical Description
  • article
Notes
  • This paper presents a model of a transport system with two road links in a series that describes traffic patterns under various pricing regimes. We consider various mixes of road operation including private-public toll roads, free-private toll roads, and free- public toll roads. We derive the pricing rules and evaluate the economic welfare under alternative regimes. Inter-regional distribution of welfare is also discussed. It is shown that pricing rules applied by a public operator differ from those in a parallel network, and the relative efficiency of alternative regimes depends on the presence of road congestion. A mix of private and public toll roads attains higher economic welfare and lower disparity, especially in the presence of heavy congestion. © 2008 LSE and the University of Bath
  • RePEc:tpe:jtecpo:v:42:y:2008:i:3:p:367-395
Language
  • English
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