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| Author: | Braid, R. |
| Title: | Peak-load pricing of a transportation route with an unpriced substitute |
| Journal: | Journal of Urban Economics
1996 : SEP, VOL. 40:2, p. 179-197 |
| Index terms: | ECONOMICS PRICING URBAN TRANSPORT |
| Language: | eng |
| Abstract: | This paper considers two routes to work, which could be two bridges, a freeway and a tollroad, or roadway travel and subway travel. Both routes are subject to pure bottleneck-and-queue congestion. If peak-load pricing can be imposed on both routes, the first-best solution is attained. However, if one route is unpriced, then the other route should have a second-best time-varying toll that is negative at the tails of the rush hour, positive near the peak of the rush hour, and zero on average. |
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