Road Investment Effects With Private And Public
Users And The Downs-Thompson Paradox
Author(s)
E. Marcucci & R. Danielis
Abstract
Using a general equilibrium model, the paper evaluates the welfare effects and
likelihood of occurrence of the Downs-Thompson paradox in a context where
public and private transport share the same infrastructure. Departing from a
model developed by Williams [1] the paper assumes, more realistically,
interdependent supply functions (interrelated cost curves). The paper concludes
that the likelihood of the Downs-Thompson paradox occurring is greater than it
is usually thought as it is more likely that the disbenefits to the public transport
users are greater than the benefits to private transport users when we have road
investments.
1 Introduction
In this paper we evaluate, using a general equilibrium model, the welfare effects
of road investments when promiscuous public private transportat
Keywords
Related Book
Other papers in this volume
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