The demand curve under road pricing and the problem of political feasibility: a comment

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

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. © 1995.
Original languageEnglish
Pages (from-to)459-465
Number of pages6
JournalTransportation Research. Part A: Policy & Practice
Volume29A
Issue number6
DOIs
Publication statusPublished - 1995

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pricing
road
Textbooks
demand
marginal utility
Costs
road user
textbook
university teacher
income
costs
Demand curve
Political feasibility
Road pricing
time
Roads
Income
Individual differences
Marginal utility

Cite this

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abstract = "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. {\circledC} 1995.",
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The demand curve under road pricing and the problem of political feasibility: a comment. / Verhoef, E.T.

In: Transportation Research. Part A: Policy & Practice, Vol. 29A, No. 6, 1995, p. 459-465.

Research output: Contribution to JournalArticleAcademicpeer-review

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