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"Second Best" Congestion Taxes in Transportation Systems
Second Best Congestion Taxes Transportation Systems
2014/11/27
The optimal policy prescription in response to congestion on a traffic network involves taxes levied so as to increase the private costs of vehicle use by the amount of the costs imposed on other user...
Second Best Pricing Policies for an Exhaustible Resource
pricing exhaustible resources economics perspective interest rates
2011/10/6
This article proposes a method for pricing exhaustible resources from a second-best economics perspective. In the theory of exhaustible resources, the classical result, originally derived by Harold Ho...