THE DEMAND CURVE UNDER ROAD PRICING AND THE PROBLEM OF POLITICAL FEASIBILITY: A COMMENT

This paper contains a comment on an article by Professor Lave, recently published in this journal (Transpn Res. 28A, 83-91, 1994). Lave's approach towards analyzing the political feasibility of road pricing is challenged on several grounds. In a simple setting, where individual road users are identical in terms of private cost of driving and valuation of time, Lave's approach is seen to be, although less clear, in essence equivalent to the traditional textbook analysis. In a more complex setting, where differences across individuals are allowed for, his approach is seen to suffer from lacking recognition of differences in individual marginal utilities of income.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/09658564
• Corporate Authors:

  Elsevier

  The Boulevard, Langford Lane
  Kidlington, Oxford  United Kingdom  OX5 1GB
• Authors:
  • VERHOEF, E
• Publication Date: 1995-11

Language

• English

Media Info

• Pagination: p. 459-465
• Serial:
  • Transportation Research Part A: Policy and Practice
  • Volume: 29
  • Issue Number: 6
  • Publisher: Elsevier
  • ISSN: 0965-8564
  • Serial URL: http://www.sciencedirect.com/science/journal/09658564

Subject/Index Terms

• TRT Terms: Costs; Demand; Income; Political factors; Road pricing
• Subject Areas: Finance; Highways; Planning and Forecasting; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 00715457
• Record Type: Publication
• Files: TRIS, ATRI
• Created Date: Jan 5 1996 12:00AM