Abstract 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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    Title :

    The independence of volume–capacity ratio of private toll roads in general networks


    Contributors:
    Wu, Di (author) / Yin, Yafeng (author) / Yang, Hai (author)

    Published in:

    Publication date :

    2010-04-08


    Size :

    6 pages




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English