| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 971219 | Journal of Urban Economics | 2012 | 6 Pages |
Abstract
This paper considers the second-best policy problem that arises when auto travel is priced below its marginal cost and there is a substitute mass transit mode. Using analytical methods, a global comparison is made between the second-best levels of transit service and the fare and their first-best levels. The fact that the results are global permits an application to road pricing not possible with the local results of Kraus (2003).
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Marvin Kraus,