Road pricing with optimal mass transit

Marvin Kraus

Journal of Urban Economics, 2012, vol. 72, issue 2, 81-86

Abstract: This paper considers the second-best policy problem that arises when auto travel is priced below its marginal cost and there is a substitute mass transit mode. Using analytical methods, a global comparison is made between the second-best levels of transit service and the fare and their first-best levels. The fact that the results are global permits an application to road pricing not possible with the local results of Kraus (2003).

Keywords: Congestion pricing; Road pricing (search for similar items in EconPapers)
JEL-codes: R4 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:juecon:v:72:y:2012:i:2:p:81-86

DOI: 10.1016/j.jue.2012.04.002

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