Right of Way and Congestion Toll

Eitan Berglas, David Fresko and David Pines

Chapter 10 in Economic Policy in Theory and Practice, 1987, pp 343-374 from Palgrave Macmillan

Abstract: Abstract This paper is concerned with the economics of reserved right of way, i.e. assigning separate facilities (roads or lanes within roads) to automobiles and buses in congested urban areas. The discussion of this issue appears frequently in conjunction with second-best considerations. The reserved right of way is judged as a device for changing the relative attractiveness of mass transportation vis-à-vis the automobile, when the warranted congestion toll is not levied (see Vickrey, 1963). We show in this paper that assigning different facilities (roads or lanes) may be optimal both when a congestion toll is charged from automobile drivers (hereafter ‘first-best’) and when no such toll is charged (hereafter ‘second-best’).

Keywords: Automobile Driver; Optimal Density; Local Public Good; Optimal Toll; Congestion Cost (search for similar items in EconPapers)
Date: 1987
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-18584-9_10

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349185849

DOI: 10.1007/978-1-349-18584-9_10

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().