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| Author: | Liu, L. McDonald, J. |
| Title: | Efficient congestion tolls in the presence of unpriced congestion: a peak and off-peak simulation model |
| Journal: | Journal of Urban Economics
1998 : NOV, VOL. 44:3, p. 352-366 |
| Index terms: | URBAN AREAS ECONOMICS SIMULATION MODELS |
| Language: | eng |
| Abstract: | This paper develops a congestion pricing model to examine efficient congestion tolls for an urban highway that has been subject to congestion tolls since December 27, 1995. Two lanes out of six (each way) are subject to congestion tolls, and the other four lanes are not. The simulation model combines the economic theories of second-best pricing of transportation facilities and peak-load pricing and considers both welfare-maximizing and profit-maximizing cases. |
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