Abstract
Road-user charges have been discussed extensively in economic literature. Surprisingly, little attention has been devoted to the most common example of these charges: a toll imposed on a single road where all competing roads are free. When the level of this sub-optimal charge is determined the benefits of reduced traffic load should be balanced against the damage of diverted traffic. The desirability of a single toll is examined with respect to congestion, the supply of the free road, and travel demand.
Original language | English |
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Pages (from-to) | 163-172 |
Number of pages | 10 |
Journal | Journal of Transport Economics and Policy |
Volume | 33 |
Issue number | 2 |
State | Published - 1999 |