Citation

Geltner D, Moavenzadeh F. Transp. Res. Rec. 1987; 1107: 14-20.

Copyright

(Copyright © 1987, Transportation Research Board, National Research Council, National Academy of Sciences USA, Publisher SAGE Publishing)

DOI

unavailable

PMID

unavailable

Abstract

There are four potential economic justifications for privatizing highways: greater revenues without increased taxes, improved highway use efficiency, production efficiency of maintenance, and quality of highway services. However, because of market imperfections of laissez-faire private provision of highways, the economic feasibility and desirability of privatization depend on regulatory structures to efficiently control and mitigate potential problems of excess tolls and inadequate maintenance. Possible types of regulatory structures are discussed.

Language: en

Keywords

URBAN PLANNING - Transportation; HIGHWAY ADMINISTRATION; HIGHWAY SYSTEMS - Toll Systems