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Article: Economic fundamentals of road pricing: A diagrammatic analysis, part II - relaxation of assumptions

TitleEconomic fundamentals of road pricing: A diagrammatic analysis, part II - relaxation of assumptions
Authors
Hau, TD
KeywordsTransportation economics
Road pricing
Congestion charging
Congestion tolling
Highway investment
Diagrammatic analysis
Issue Date2005
PublisherTaylor & Francis Ltd.. The Journal's web site is located at http://www.tandf.co.uk/journals/ttra
Citation
Transportmetrica, 2005, v. 1 n. 2, p. 119-149 How to Cite?
DOI: http://dx.doi.org/10.1080/18128600508685643
AbstractThis is Part II of Hau (2005a, Transportmetica, 1, 81–117) on the diagrammatic analysis of the economic fundamentals of road pricing, in which it assumes that the government aims to maximize welfare of the community by simulating the workings of a competitive industry and pricing highway services at marginal cost. There are a few major assumptions that need to be relaxed: 1) constant value of time, 2) static demand, 3) perfect divisibility, 4) constant returns to scale and 5) variability of road thickness. In this paper, we consider the relaxation of each assumption in turn.
Persistent Identifierhttp://hdl.handle.net/10722/85642
ISSN
1812-8602
2014 Impact Factor: 3.773
ISI Accession Number ID
WOS:000243157000002

 

DC FieldValueLanguage
dc.contributor.authorHau, TDen_HK
dc.date.accessioned2010-09-06T09:07:31Z-
dc.date.available2010-09-06T09:07:31Z-
dc.date.issued2005en_HK
dc.identifier.citationTransportmetrica, 2005, v. 1 n. 2, p. 119-149en_HK
dc.identifier.issn1812-8602en_HK
dc.identifier.urihttp://hdl.handle.net/10722/85642-
dc.description.abstractThis is Part II of Hau (2005a, Transportmetica, 1, 81–117) on the diagrammatic analysis of the economic fundamentals of road pricing, in which it assumes that the government aims to maximize welfare of the community by simulating the workings of a competitive industry and pricing highway services at marginal cost. There are a few major assumptions that need to be relaxed: 1) constant value of time, 2) static demand, 3) perfect divisibility, 4) constant returns to scale and 5) variability of road thickness. In this paper, we consider the relaxation of each assumption in turn.-
dc.languageengen_HK
dc.publisherTaylor & Francis Ltd.. The Journal's web site is located at http://www.tandf.co.uk/journals/ttraen_HK
dc.relation.ispartofTransportmetricaen_HK
dc.subjectTransportation economics-
dc.subjectRoad pricing-
dc.subjectCongestion charging-
dc.subjectCongestion tolling-
dc.subjectHighway investment-
dc.subjectDiagrammatic analysis-
dc.titleEconomic fundamentals of road pricing: A diagrammatic analysis, part II - relaxation of assumptionsen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1812-8602&volume=1&issue=2&spage=119&epage=149&date=2005&atitle=Economic+fundamentals+of+road+pricing:+A+diagrammatic+analysis,+part+II+-+relaxation+of+assumptionsen_HK
dc.identifier.emailHau, TD: timhau@hku.hken_HK
dc.identifier.authorityHau, TD=rp01068en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1080/18128600508685643-
dc.identifier.scopuseid_2-s2.0-85009648624-
dc.identifier.hkuros104485en_HK
dc.identifier.volume1-
dc.identifier.issue2-
dc.identifier.spage119-
dc.identifier.epage149-
dc.identifier.isiWOS:000243157000002-
dc.identifier.issnl1812-8602-

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