Time Consistency of Congestion Tolls

Amihai Glazer

Working Papers from California Irvine - School of Social Sciences

Abstract: A congestion toll may have two purposes. First, to reduce congestion the current period. Second, to induce investment which will reduce demand and congestion in later periods. When government cannot credibly commit to future tolle, the optimal toll in the each period may be low, and congestion may be high.

Keywords: INVESTMENTS; GOVERNMENT (search for similar items in EconPapers)
JEL-codes: E00 E22 (search for similar items in EconPapers)
Pages: 9 pages
Date: 1998
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Related works:
Working Paper: Time Consistency of Congestion Tolls (2000)
Working Paper: Time Consistency of Congestion Tolls (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:calirv:98-99-1

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