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- W622170992 abstract "This article discusses some issues and fallacies associated with identifying efficient prices for transportation services. Issues include: (1) theoretical justification for prices equal to short-run marginal costs, (2) problems of imposing efficient prices, (3) composition of short-run marginal costs, (4) desirability of short- versus long-run costs as a basis for prices, and (5) the possibility that short- and long-run costs are equivalent. Examples are taken from the areas of roadway use charges and transit fares. The desirability of efficient charges is not discussed. While many economists and planners have advocated efficient transportation user charges, there may be other valid considerations that suggest modifications to a set of efficient charges. These concerns include the equity implications of efficient charges, the need to finance transportation services, effect of political and institutional constraints, managerial incentives, and other issues." @default.
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- W622170992 date "1982-07-01" @default.
- W622170992 modified "2023-09-23" @default.
- W622170992 title "EFFICIENT PRICES FOR ROADWAYS AND TRANSIT SERVICE" @default.
- W622170992 hasPublicationYear "1982" @default.
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