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Title: Pricing and investment of cross-border transport infrastructure
Authors: Mun, Se-il  kyouindb  KAKEN_id
Nakagawa, Shintaro
Author's alias: 文, 世一
Keywords: Infrastructure
Capacity choice
Issue Date: Jul-2010
Publisher: Elsevier B.V.
Journal title: Regional Science and Urban Economics
Volume: 40
Issue: 4
Start page: 228
End page: 240
Abstract: We develop a simple two-country model of international trade in which the transportation cost between countries is endogenously determined by pricing and investment decisions of cross-border transport infrastructure. We evaluate alternative regimes of pricing and investment, i.e., free access (e.g., public road), pricing by two governments, and private operation. We also examine the effect of integrating operation. It is shown that investment rule in free access regime is inefficient. On the other hand, the investment rule is efficient if infrastructure charge is levied either by the government or by the private operators. We obtain the welfare ranking of alternative regimes under specific functional form, show how the welfare results depend on pricing policies.
Rights: © 2010 Elsevier B.V.
This is not the published version. Please cite only the published version. この論文は出版社版でありません。引用の際には出版社版をご確認ご利用ください。
DOI(Published Version): 10.1016/j.regsciurbeco.2010.03.008
Appears in Collections:Journal Articles

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