Road pricing and capacity decision under a self-financing constraint
Every morning commuters have to travel from a residential area to a workplace by using their private cars on a bottleneck-constrained highway. Consider the maintenance cost and infrastructure investment, we model road pricing and capacity decision under a self-financing constraint then derive how a planner chooses pricing and capacity chooses to maximize the social welfare. The optimal fine toll is sequentially given, and then the property is derived as the positive solution to the model, if existing, is unique. Numerical illustrations are presented to help better understanding the theoretical analyses.
bottleneck model road pricing self-finacing infrastructure investment
Wu Wen-Xiang
College of Economics and Business Administration, North China University of Technology, Beijing, China
国际会议
昆明、丽江
英文
1100-1103
2011-04-15（万方平台首次上网日期，不代表论文的发表时间）