Time-Varying Tolls in a Dynamic Model of Road Traffic Congestion with Elastic Demand

Erik Verhoef

No 97-028/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: In this paper, a dynamic model of road traffic congestion is presented, with an elastic overall demand for morning peak road usage, and with the congestion technology used being 'flow congestion'. It is demonstrated that in such a case, the optimal time-varying toll should include a 'flat', time-invariant component when road users share the same desired arrival time. This has important consequences for the design of optimal toll schemes in reality, because it implies that optimal tolls cannot be set if the regulator has no information on the road users' desired arrival times.

Date: 1997-02-27
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://papers.tinbergen.nl/97028.pdf (application/pdf)

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:tin:wpaper:19970028

Access Statistics for this paper

More papers in Tinbergen Institute Discussion Papers from Tinbergen Institute Contact information at EDIRC.
Bibliographic data for series maintained by Tinbergen Office +31 (0)10-4088900 (discussionpapers@tinbergen.nl).