The independence of volume-capacity ratio of private toll roads in general networks
In a general traffic network under some widely used assumptions, this paper proves that the level of service, represented by the volume-capacity (v/c) ratio, offered by a profit-maximizing private firm on a private toll road is independent of another competitor's choice of capacity and toll rate for another private toll road. The v/c ratio will be the same as the one provided by a centralized welfare-maximizing traffic authority. Moreover, the ratio remains the same even in a regulated market where the authority imposes a cap for the generalized travel cost on the private toll road.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/01912615
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Supplemental Notes:
- Abstract reprinted with permission from Elsevier.
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Authors:
- Wu, Di
- Yin, Yafeng
- Yang, Hai
- Publication Date: 2011-1
Language
- English
Media Info
- Media Type: Print
- Features: Bibliography; References;
- Pagination: pp 96-101
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Serial:
- Transportation Research Part B: Methodological
- Volume: 45
- Issue Number: 1
- Publisher: Elsevier
- ISSN: 0191-2615
- Serial URL: http://www.sciencedirect.com/science/journal/01912615
Subject/Index Terms
- TRT Terms: Competition; Highway capacity; Level of service; Private enterprise; Private roads; Profitability; Regulation; Road pricing; Toll roads; Tolls
- Uncontrolled Terms: Independent action; Traffic networks; Volume capacity ratio
- Subject Areas: Finance; Highways; Operations and Traffic Management;
Filing Info
- Accession Number: 01323880
- Record Type: Publication
- Files: TRIS, ATRI
- Created Date: Dec 28 2010 1:30PM