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The Value of "Value Princing" of Roads: Second-Best Pricing and Product Differentiation

Kenneth Small () and Jia Yan ()

Working Papers from California Irvine - School of Social Sciences

Abstract: Some road-pricing demonstrations use an approach called "value-pricing", in which travelers can choose between a free but congested roadway. Recent research has uncovered a potentially serious problem for such demonstrations: in certain models, second-best tolls are far lower than those typically charged, and the welfare gains from profit maximization are small or even negative.

Keywords: PRICES; ROADS; SOCIAL WELFARE (search for similar items in EconPapers)
JEL-codes: R41 R48 D62 (search for similar items in EconPapers)
Pages: 22 pages
Date: 1999
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Journal Article: The Value of "Value Pricing" of Roads: Second-Best Pricing and Product Differentiation (2001) Downloads
Working Paper: The Value of "Value Pricing" of Roads: Second-Best Pricing and Product Differentiation (2001) Downloads
Working Paper: The Value of "Value Pricing" of Roads: Second-Best Pricing and Product Differentiation (2000) Downloads
Working Paper: The Value of "Value Pricing" of Roads: Second-Best Pricing and Product Differentiation (2000) Downloads
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