Toll and subsidy for freight vehicles on urban roads: A policy decision for City Logistics

Loshaka Perera, Russell G. Thompson and Wenyan Wu

Research in Transportation Economics, 2021, vol. 90, issue C

Abstract: Toll roads constructed under public-private-partnerships (PPP) are very common around the world. Due to the high capital cost invested and high risks associated with subsequent returns, investors are concerned about future revenue. Charging high tolls from freight vehicles is a common practice, especially in urban areas. As a result, freight vehicles tend to divert from freeways (toll roads) to highways and arterial roads to minimize their costs, but this may cause more damage to infrastructure and environment, thus more costs for society and the environment. Consequently, developing an effective solution for toll charges for freight vehicles is a complex City Logistics problem involving multiple stakeholders with multi-objectives.

Keywords: Toll; Subsidy; Externalities; Heavy vehicles; Environmental cost; Social cost; City logistics (search for similar items in EconPapers)
JEL-codes: R4 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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DOI: 10.1016/j.retrec.2021.101132

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