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Private Road Networks with Uncertain Demand
Social Science Research Network
We study the efficiency of private supply of roads under demand uncertainty and evaluate various regulatory policies. Due to demand uncertainty, capacity is decided before demand is known but tolls can be adjusted after demand is known. Policy implications can differ from those under deterministic de- * Corresponding author. email-addresses: email@example.com(X. Fu), firstname.lastname@example.org (V.A.C. van den Berg), email@example.com (E.T. Verhoef) 1 mand. For instance, for serial links, the toll in thedoi:10.2139/ssrn.2920423 fatcat:q4fgrtexjbgohhxsz4nrk5mw4e