The Value of "Value Pricing" of Roads: Second-Best Pricing and Product Differentiation

By Kenneth Small, Jia Yan. 2001

266 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Marketing, Transportation

View Paper: https://www.semanticscholar.org/paper/5f29aa70aabdbae9b9f480acf0f05de5bb5366bb

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Erik T. Verhoef
2. Kenneth Small
3. David Brownstone
4. Vincent A. C. van den Berg
5. Mogens Fosgerau
6. David A. Hensher
7. Daisuke Fukuda
8. Chandra R. Bhat

In Marketing

1. David Brownstone
2. Erik T. Verhoef
3. Vincent A. C. van den Berg
4. Kenneth Small

In Transportation

1. Kenneth Small
2. Erik T. Verhoef
3. Vincent A. C. van den Berg
4. David Brownstone
5. David A. Hensher
6. Mogens Fosgerau
7. Chandra R. Bhat
8. Daisuke Fukuda

Citations in the corpus

• Uncovering the Distribution of Motorists' Preferences for Travel Time and Reliability (2005, unknown): “Theory suggests that the benefits of differentiated road pricing depend critically on the cross-sectional variation in motorists’ preferences for speedy and reliable travel (Small and Yan (2001) and Verhoef and Small (2004)).”
• Congestion Tolling in the Bottleneck Model with Heterogeneous Values of Time (2011, background): “Small and Yan (2001) and Verhoef and Small (2004) look at private and public pay-lanes using flow congestion.”
• What Can Be Learned from Spatial Economics? (2019, unknown): “As pay lanes send motorists to an unpriced alternative (the other lanes), they can generate net welfare benefits only when car users differ in their value of time or when there is a fine-tuned pricing of the bottleneck (Small and Yan 2001).”
• Differentiated Road Pricing, Express Lanes, and Carpools: Exploiting Heterogeneous Preferences in Policy Design (2006, unknown): “It is important to point out that if we assumed that travelers were homogeneous, our findings would change considerably, along the same lines as in Small and Yan (2001) and Verhoef and Small (2004). With homogeneous preferences, the relative welfare gain from the one-route toll, whose efficiency rel”
• Valuing time and reliability: assessing the evidence from road pricing demonstrations (2003, background): “There is substantial heterogeneity in these values across the population, but it is difficult to isolate its exact origins.”