A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Road pricing with limited information and heterogeneous users: A successful case
Abstract Since strictly optimal (first-best) road pricing policies require information that we will probably never have, it is important to investigate what can be done under more restrictive assumptions as to what information is available. One such case is examined in this paper, where the main restrictive assumptions are that all users have the same choice set and that all alternatives have the same monetary cost. Individuals have utility functions with constant marginal utilities of time and money, but these marginal utilities vary across individuals, and are assumed to be unobservable. We show that for this model, any toll reform that reduces aggregate travel time and redistributes the toll revenues equally to all users makes everyone better off. This holds regardless of the distribution of marginal utilities of time and money, and for any road network.
Road pricing with limited information and heterogeneous users: A successful case
Abstract Since strictly optimal (first-best) road pricing policies require information that we will probably never have, it is important to investigate what can be done under more restrictive assumptions as to what information is available. One such case is examined in this paper, where the main restrictive assumptions are that all users have the same choice set and that all alternatives have the same monetary cost. Individuals have utility functions with constant marginal utilities of time and money, but these marginal utilities vary across individuals, and are assumed to be unobservable. We show that for this model, any toll reform that reduces aggregate travel time and redistributes the toll revenues equally to all users makes everyone better off. This holds regardless of the distribution of marginal utilities of time and money, and for any road network.
Road pricing with limited information and heterogeneous users: A successful case
Eliasson, Jonas (author)
2001
Article (Journal)
English
Road pricing with limited information and heterogeneous users: A successful case
| Online Contents | 2001
Road pricing and users' surplus
| Elsevier | 2005
Determinants of private car users' acceptance of road pricing
| Online Contents | 2000
Viability of new road infrastructure with heterogeneous users
| Online Contents | 2011
Viability of new road infrastructure with heterogeneous users
| Elsevier | 2011