Product Differentiation on Roads Second-Best Congestion Pricing with Heterogeneity under Public and Private Ownership

Erik Verhoef and K.A. Small

Working Papers from California Irvine - School of Social Sciences

Abstract: The authors explore the properties of various types of public and private pricing on a congested road network with heterogenous users allowing for elastic demand. Heterogeneity is reprensented by a continuum of values of time. The network consists of both serial and parallel links, which allows us to model second-best pricing restrictions on either complementary or substitute links, while still accounting for interaction between different groups on shared links (e,g, in city centres).

Keywords: PRICES; ROADS; SOCIAL WELFARE (search for similar items in EconPapers)
JEL-codes: D62 R41 R48 (search for similar items in EconPapers)
Pages: 27 pages
Date: 1999
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Citations: View citations in EconPapers (21)

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Working Paper: Product Differentiation on Roads: Second-Best Congestion Pricing with Heterogeneity under Public and Private Ownership (1999)
Working Paper: Product Differentiation on Roads: Second-Best Congestion Pricing with Heterogeneity under Public and Private Ownership (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:calirv:99-00-01

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