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Herbert Mohring and Mitchell Harwitz 1962 Highway Taxation
Theodore E Keeler and Kenneth A Small 1977 Optimal Peak
Harry W Richardson 1975 A Rejoinder Journal of Transport
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allocation analysis assumed assumption average beneﬁts capacity expansion capital costs charges commuters composite commodity condition congestion cost congestion pricing congestion toll constant returns construction costs cost function curve deﬁned deﬁnition density derived drivers Economics effect efﬁcient envelope theorem equal equation equilibrium estimates ﬁgures ﬁnance ﬁnd ﬁrms ﬁrst ﬁrst-best ﬁrst-order ﬁxed ﬂow freeway given hour income increase investment Joumal lanes marginal cost maximize mile Mohring optimal capacity optimal toll optimum ownership paper parameters Pareto optimal peak price elasticity private road Private toll roads proﬁt-maximizing proﬁts Proposition ratio retums to scale road capacity road pricing route scale economies second-best Section shadow rent social cost speciﬁc speed Table tion toll revenue toll roads trafﬁc traﬂic Transport Economics travel cost trips Urban Economics urban highway utility variable vehicles Vickrey Viton welfare width zero zone