| 来源类型 | Working Paper
|
| 规范类型 | 论文
|
| The Value of "Value Pricing" of Roads: Second-Best Pricing and Product Differentiation |
| Kenneth A. Small; Jia Yan
|
| 发表日期 | 2000
|
| 出版年 | 2000
|
| 页码 | DP 00-08
|
| 语种 | 英语
|
| 摘要 | Some road-pricing demonstrations use an approach called "value pr icing", in which travelers can choose between a free but congested roadway and a priced roadway. Recent research has uncovered a potentially serious problem for such demonstrations: in certain models, second-best tolls are far lower than those typically charged, and the welfare gains from profit maximization are small or even negative. That research, however , assumes that all travelers are identical, and it therefore neglects the benefits of product differentiation, by which people with different values of time can choose a suitable cost/quality combination. Using a model with two user groups, we find that accounting for heterogeneity in value of time is important in evaluating constrained policies, and improves the relative performance of policies that offer differential prices. Nevertheless, for most of the reasonable range of heterogeneity, second-best pricing produces far fewer benefits than pricing both roadways optimally, and profit-maximizing tolls are so high that over all welfare is reduced from the no-toll baseline. |
| 主题 | Environmental Economics Topics
; Land Use
|
| URL | http://www.rff.org/research/publications/value-value-pricing-roads-second-best-pricing-and-product-differentiation
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| 来源智库 | Resources for the Future (United States)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/40568
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推荐引用方式
GB/T 7714 |
Kenneth A. Small,Jia Yan. The Value of "Value Pricing" of Roads: Second-Best Pricing and Product Differentiation. 2000.
|
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