How varies optimal welfare pricing with income distribution? The case of the untolled alternative.

Ortega Hortelano, Alejandro; Vassallo Magro, José Manuel y Pérez Díaz, Juan Ignacio (2014). How varies optimal welfare pricing with income distribution? The case of the untolled alternative.. "Transportation Research Procedia", v. 3 ; pp. 413-422. ISSN 2352-1465. https://doi.org/10.1016/j.trpro.2014.10.022.

Descripción

Título: How varies optimal welfare pricing with income distribution? The case of the untolled alternative.
Autor/es:
  • Ortega Hortelano, Alejandro
  • Vassallo Magro, José Manuel
  • Pérez Díaz, Juan Ignacio
Tipo de Documento: Artículo
Título de Revista/Publicación: Transportation Research Procedia
Fecha: 2014
Volumen: 3
Materias:
Palabras Clave Informales: Untolled alternative; Optimal price; Welfare; Income distribution
Escuela: E.T.S.I. Caminos, Canales y Puertos (UPM)
Departamento: Ingeniería Civil: Transportes [hasta 2014]
Licencias Creative Commons: Reconocimiento - Sin obra derivada - No comercial

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Resumen

In some countries, such as Spain, it is very common that in the same corridor there are two roads with the same origin and destination but with some differences. The most important contrast is that one is a toll highway which offers a better quality than the parallel road in exchange of a price. The users decide if the price of the toll is worth to pay for the advantages offered. This problem is known as the untolled alternative and it has been largely studied in the academic literature, particularly related to economic efficiency and the optimal welfare toll. However, there is a gap in the literature academic regarding how it affects income distribution to the optimal toll. The main objective of the paper is to fill this gap. In this paper a theoretical model in order to obtain the optimal welfare price in a toll highway that competes for capturing the traffic with a conventional road is developed. This model is done for non-usual users who decide over the expectation of free flow conditions. This model is finally applied to the variables we want to focus on: average value of travel time (VTT) which is strongly related with income, dispersion of this VTT and traffic levels, from free flow to congestion. Derived from the results, we conclude that the higher the average VTT the higher the optimal price, the higher the dispersion of this VTT the lower the optimal price and finally, the more the traffic the higher the optimal toll.

Más información

ID de Registro: 33033
Identificador DC: http://oa.upm.es/33033/
Identificador OAI: oai:oa.upm.es:33033
Identificador DOI: 10.1016/j.trpro.2014.10.022
URL Oficial: http://www.sciencedirect.com/science/article/pii/S2352146514001859
Depositado por: Memoria Investigacion
Depositado el: 03 Feb 2015 16:57
Ultima Modificación: 03 Feb 2015 16:57
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