城市公路投资中的价格扭曲

William L. C. Wheaton
{"title":"城市公路投资中的价格扭曲","authors":"William L. C. Wheaton","doi":"10.2307/3003602","DOIUrl":null,"url":null,"abstract":"This paper compares \"first-best\" highway investment when congestion pricing is in effect with \"second-best\" investment when such pricing is not used. The paper's main result is that as the pricing of roads falls below social costs, \"second-best\" investment expands to accommodate demand, but not by nearly so much as would be called for under first-best cost-benefit criteria. Under second-best investment, the level of time congestion is allowed to rise to compensate for the absence of monetary congestion pricing. There is some suggestion that overinvestment in American highways could have occurred from following first-best investment criteria when second-best criteria were appropriate.","PeriodicalId":177728,"journal":{"name":"The Bell Journal of Economics","volume":"61 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"74","resultStr":"{\"title\":\"Price-induced distortions in urban highway investment\",\"authors\":\"William L. C. Wheaton\",\"doi\":\"10.2307/3003602\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This paper compares \\\"first-best\\\" highway investment when congestion pricing is in effect with \\\"second-best\\\" investment when such pricing is not used. The paper's main result is that as the pricing of roads falls below social costs, \\\"second-best\\\" investment expands to accommodate demand, but not by nearly so much as would be called for under first-best cost-benefit criteria. Under second-best investment, the level of time congestion is allowed to rise to compensate for the absence of monetary congestion pricing. There is some suggestion that overinvestment in American highways could have occurred from following first-best investment criteria when second-best criteria were appropriate.\",\"PeriodicalId\":177728,\"journal\":{\"name\":\"The Bell Journal of Economics\",\"volume\":\"61 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"1900-01-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"74\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"The Bell Journal of Economics\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2307/3003602\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"The Bell Journal of Economics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2307/3003602","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 74

摘要

本文比较了实施拥堵收费时的“第一优”公路投资与不实施拥堵收费时的“第二优”公路投资。这篇论文的主要结论是,当道路的定价低于社会成本时,“次优”投资会扩大以适应需求,但远不如在最佳成本效益标准下所要求的那么多。在次优投资下,拥堵时间水平可以上升,以弥补货币拥堵定价的缺失。有一些建议认为,美国高速公路的过度投资可能是由于在次优标准适用的情况下,遵循了最佳投资标准。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Price-induced distortions in urban highway investment
This paper compares "first-best" highway investment when congestion pricing is in effect with "second-best" investment when such pricing is not used. The paper's main result is that as the pricing of roads falls below social costs, "second-best" investment expands to accommodate demand, but not by nearly so much as would be called for under first-best cost-benefit criteria. Under second-best investment, the level of time congestion is allowed to rise to compensate for the absence of monetary congestion pricing. There is some suggestion that overinvestment in American highways could have occurred from following first-best investment criteria when second-best criteria were appropriate.
求助全文
通过发布文献求助,成功后即可免费获取论文全文。 去求助
来源期刊
自引率
0.00%
发文量
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:604180095
Book学术官方微信