Topic: 13.5 Infrastructure

A complete indexing and article service is available free from 1967 to 2000

The Economics of Tolled Road Crossings

The authors examine the different practices adopted by the USA and the United Kingdom in levying tolls on transport infrastructure. Both diverge from economic theory. The British treatment of outstanding debt is found to be in need of reform.

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Right of Way and Congestion Toll

The case for separate lanes or roads for buses and cars is based on the different characteristics of these modes. In certain conditions buses, instead of being subsidised, should pay congestion tolls even when cars do not.

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Peak-load Pricing and the Channel Tunnel. A Re-examination

The authors re-examine the conclusions reached by Stephen Glaister in an article in this Journal in May 1976. They conclude that he overestimated the capacity that would have been required under uniform pricing, and also the price differentials required under peak-load pricing to reduce capacity and increase profit.

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Economic Behaviour of Public Ports in the United States

US public ports charge less than long-run marginal cost; they receive subsidies, especially in the form of capital grants or public bond issues. There is regional competition, and container traffic tends to be concentrated in certain ports, but total demand is inelastic. The authors consider that general price increases would lead to decreased subsidies and would be socially beneficial.

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Peak Load Pricing and the Channel Tunnel. A Case Study

The author contends that large economies can be effected by peak load pricing for transport services. The Channel Tunnel project would have seemed much more attractive if provision has been made for differential charges to transfer some accompanied car traffic to even slightly less congested periods.

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