A Negative Toll Theory

5 Pages Posted: 29 Oct 2013 Last revised: 16 Oct 2017

See all articles by Hak Choi

Hak Choi

Chienkuo Technology University - Department of International Business; Chung-Hua Institution for Economic Research

Date Written: October 27, 2013

Abstract

This paper proves that the Pigou-Knight road toll is measured from a wrong direction. Having changed the direction, this paper proves that Walters' traffic curve should be called the compensation curve. Road users with higher cost should receive compensation, just like delayed passengers obtain compensation from airlines or high-speed rails.

Keywords: Congestion, Toll, Compensation

JEL Classification: R41

Suggested Citation

Choi, Hak, A Negative Toll Theory (October 27, 2013). Available at SSRN: https://ssrn.com/abstract=2345809 or http://dx.doi.org/10.2139/ssrn.2345809

Hak Choi (Contact Author)

Chienkuo Technology University - Department of International Business ( email )

No.1, Chiehsou N. Road
Changhua City, 500
Taiwan
+886 91 901-4618 (Phone)

HOME PAGE: http://euntold.wordpress.com

Chung-Hua Institution for Economic Research ( email )

75, Changhsin St.
Taipei
Taiwan

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