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The Two†Mode Problem: Second†Best Pricing and Capacity

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  • Richard Arnott
  • An Yan

Abstract

Suppose that there are two congestible modes of travel from A to B — road and rail for concreteness — which are imperfect substitutes in demand. Road congestion from A to B is underpriced; this is an unalterable distortion. Compared to the first best, should the transportation planner choose a wider or narrower road, raise or lower the rail fare, and expand or contract rail capacity? This paper provides a synthetic review of the literature on the problem, presents some new results, and discusses directions for future research on this and related second†best problems.

Suggested Citation

  • Richard Arnott & An Yan, 2000. "The Two†Mode Problem: Second†Best Pricing and Capacity," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 12(3), pages 170-199, November.
    • Handle: RePEc:bla:revurb:v:12:y:2000:i:3:p:170-199
    DOI: 10.1111/j.1467-940X.2000.00077.x
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    Cited by:

    1. Zhang, Junlin & Yang, Hai & Lindsey, Robin & Li, Xinwei, 2020. "Modeling and managing congested transit service with heterogeneous users under monopoly," Transportation Research Part B: Methodological, Elsevier, vol. 132(C), pages 249-266.
    2. Hörcher, Daniel & De Borger, Bruno & Graham, Daniel J., 2023. "Subsidised transport services in a fiscal federation: Why local governments may be against decentralised service provision," Economics of Transportation, Elsevier, vol. 34(C).
    3. Li, Zhi-Chun & Zhang, Liping, 2020. "The two-mode problem with bottleneck queuing and transit crowding: How should congestion be priced using tolls and fares?," Transportation Research Part B: Methodological, Elsevier, vol. 138(C), pages 46-76.
    4. Pons-Rigat, Aleix & Proost, Stef & Turró, Mateu, 2020. "Workplace parking policies in an agglomeration: An illustration for Barcelona," Economics of Transportation, Elsevier, vol. 24(C).
    5. Hayakawa, Keiichiro & Chikaraishi, Makoto, 2023. "Modeling the impact of e-hailing services on regional public transit considering transit-dependent people," Transportation Research Part B: Methodological, Elsevier, vol. 170(C), pages 91-118.

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