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Author:

Lu, Jin-Yan (Lu, Jin-Yan.) | Ruan, Ping-Nan (Ruan, Ping-Nan.) (Scholars:阮平南) | Liu, Xiao-Ming (Liu, Xiao-Ming.) (Scholars:刘小明)

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Abstract:

This paper shows the quasi-public goods characteristic of road in terms of economics, which permits both government and market to be qualified as road providers. However, the existence of market failure and government failure makes the road resources not achieve the optimal structure and maximum public welfare with the monopolized road supply by either of them. The reasons for low efficiency on road resources supply and the loss of social welfare are analyzed, and three road supply modes based on the balance between the government and the market are established. With the aim of the maximization of public welfare of road resource, finally effective supply paths and measures of road resources are discussed according to different supply modes.

Keyword:

Optimization Economic and social effects Resource allocation Toll highways Traffic control

Author Community:

  • [ 1 ] [Lu, Jin-Yan]Transportation Research Center, Beijing University of Technology, Beijing 100022, China
  • [ 2 ] [Ruan, Ping-Nan]Economics and Management School, Beijing University of Technology, Beijing 100022, China
  • [ 3 ] [Liu, Xiao-Ming]Transportation Research Center, Beijing University of Technology, Beijing 100022, China

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Source :

Journal of Beijing University of Technology

ISSN: 0254-0037

Year: 2007

Issue: 2

Volume: 33

Page: 189-192

Cited Count:

WoS CC Cited Count:

SCOPUS Cited Count:

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 14

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