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Abstract

federal government tries to force local governments to implement welfare optimal tolling and investment. Welfare optimal tolling requires charging for marginal external costs. Local governments have an incentive to charge more than the marginal social cost whenever there is transit traffic. We analyse the pricing and investment issue in an asymmetric information setting where the local governments have better information than the federal government. The case of air pollution and of congestion are discussed. ispartof: CES - Discussion paper series DPS11.19  pages:1-33 status: published


Original document

The different versions of the original document can be found in:

https://core.ac.uk/display/34506742,
https://ideas.repec.org/p/ete/ceswps/ces11.19.html,
http://ideas.repec.org/p/ete/ceswps/ces11.19.html,
https://www.ssrn.com/abstract=1934137,
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1934137,
https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1948509_code444941.pdf?abstractid=1934137&mirid=3,
https://econpapers.repec.org/RePEc:ete:ceswps:ces11.19,
https://econpapers.repec.org/article/tpejtecpo/v_3a47_3ay_3a2013_3ai_3a3_3ap_3a399-418.htm,
https://academic.microsoft.com/#/detail/2339017089


DOIS: 10.2139/ssrn.1934137 10.2139/ssrn.1934136

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Published on 01/01/2011

Volume 2011, 2011
DOI: 10.2139/ssrn.1934137
Licence: CC BY-NC-SA license

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