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Consumer surplus and pricing of transport infrastructures: The legacy of Jules Dupuit

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  • Bonnafous, Alain
  • Crozet, Yves

Abstract

•An essential contribution from Jules Dupuit on the optimal toll is based on the concept of surplus loss.•Although the function is maximal when the price is zero, Dupuit explained that a toll could be justified.•An optimal toll can be calculated as a function of the scarcity coefficient of public funds.

Suggested Citation

  • Bonnafous, Alain & Crozet, Yves, 2018. "Consumer surplus and pricing of transport infrastructures: The legacy of Jules Dupuit," Transport Policy, Elsevier, vol. 70(C), pages 8-13.
    • Handle: RePEc:eee:trapol:v:70:y:2018:i:c:p:8-13
    DOI: 10.1016/j.tranpol.2017.12.008
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    References listed on IDEAS

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    1. Alain Bonnafous, 2011. "Tarification optimale et formes contractuelles dans un programme d'infrastructures en ppp," Revue économique, Presses de Sciences-Po, vol. 62(5), pages 813-834.
    2. Alain Bonnafous & Pablo Jensen & William Roy, 2006. "Le cofinancement usager - contribuable et le partenariat public-privé changent les termes de l'évaluation des programmes d'investissement public," Economie & Prévision, La Documentation Française, vol. 0(4), pages 15-30.
    3. Jean Tirole, 2015. "Market Failures and Public Policy," American Economic Review, American Economic Association, vol. 105(6), pages 1665-1682, June.
    4. Bonnafous, Alain, 2010. "Programming, optimal pricing and partnership contract for infrastructures in PPPs," Research in Transportation Economics, Elsevier, vol. 30(1), pages 15-22.
    5. Lindsey, Robin, 2012. "Road pricing and investment," Economics of Transportation, Elsevier, vol. 1(1), pages 49-63.
    6. R. B. Ekelund & Jr., 1968. "Jules Dupuit and the Early Theory of Marginal Cost Pricing," Journal of Political Economy, University of Chicago Press, vol. 76(3), pages 462-462.
    7. Crozet, Yves & Chassagne, Florian, 2013. "Rail access charges in France: Beyond the opposition between competition and financing," Research in Transportation Economics, Elsevier, vol. 39(1), pages 247-254.
    8. Yves Crozet & Florian Chassagne, 2013. "Rail access charges in France: Beyond the opposition between competition and financing," Post-Print halshs-01021433, HAL.
    9. Luc Baumstark & Alain Bonnafous, 2010. "Calcul économique et politique de transport : de Jules Dupuit à Maurice Allais," Post-Print halshs-00958373, HAL.
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