|Table of Contents|

Comparison of toll road regulation effects under different goal conditions(PDF)

《交通运输工程学报》[ISSN:1671-1637/CN:61-1369/U]

Issue:
2014年04期
Page:
82-88
Research Field:
交通运输规划与管理
Publishing date:

Info

Title:
Comparison of toll road regulation effects under different goal conditions
Author(s):
FAN Jian-qiang XU Hai-cheng
School of Economics and Management, Chang'an University, Xi'an 710064, Shaanxi, China
Keywords:
transportation economy toll road regulation model regulation effect social welfare
PACS:
F540
DOI:
-
Abstract:
In order to compare the influences of regulation measures on the economic variables of toll roads under different goals, the regulation models of toll roads under different goals were built by using the basic theories of welfare economics and regulation economics, and the differences of major economic variables in five different regulation models were compared by simulation calculation. Analysis result shows that it is easy to lead to business losses under the objective of social welfare maximization with no regulation. The toll price will increase under the objective of social welfare maximization with a breakeven on the finance of toll road. The road capacity and social welfare will decrease under the objective of profit maximization with no regulation. It is helpful to increase not only social welfare but also corporate profit under the objective of profit maximization with traffic volume regulation and travel cost regulation. The objectives of social welfare maximization and profit maximization are difficult to be achieved at the same time, but it is helpful to reconcile the differences between the two goals under toll road concession with government regulation. 3 tabs, 22 refs.

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Last Update: 2014-08-30