00474881

Component

http://onlinepubs.trb.org...trr/1987/1107/1107-002.pdf

https://scholar.google.co...adeh&publication_year=1987

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.

Publication of this paper sponsored by Committee on Application of Economic Analysis to Transportation Problems. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.

01418063

pp 14-20

1987

Transportation Research Record

0309044553

Print

References (4) ; Tables (1)

Feasibility analysis; Financing; Markets; Private enterprise; Privatization; Regulations

Highway economics

Economics; Finance; Highways; Law; Planning and Forecasting; Society; I10: Economics and Administration

TRIS, TRB

Oct 31 1987 12:00AM

• A CLOSER LOOK AT IMPACT FEES
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• ECONOMIC ARGUMENTS ON TOLL ROADS
• ELECTRONIC ROAD PRICING IN HONG KONG: AN OPPORTUNITY FOR ROAD PRIVATIZATION?
• FINANCING, PRIVATE-SECTOR INVOLVEMENT, AND MARKET PROCESSES IN THE PROVISION OF NATIONAL ROADS IN SOUTH AFRICA
• IMPACT FEE ASSESSMENT USING HIGHWAY COST ALLOCATION METHODS
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• INTRAURBAN ROAD PRIVATIZATION
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• NEW THINKING ON PRIVATE-SECTOR TOLL ROADS IN INDIA: RATIONALE AND ISSUES
• OVERVIEW OF TOLL FINANCING IN COUNTRIES THAT ARE MEMBERS OF THE ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT
• PHASING IN THE USER-PAYS CONCEPT ON URBAN FREEWAYS: THE PRIVATIZATION STRATEGY
• PRIVATE ENTERPRISE AND HIGHWAYS
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• PRIVATE-SECTOR INVOLVEMENT IN VIRGINIA'S NINETEENTH-CENTURY TRANSPORTATION IMPROVEMENT PROGRAM
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• PUBLIC AND PRIVATE COOPERATION IN THE PROVISION OF NATIONAL FOREST ROADS
• PUBLIC-PRIVATE INVOLVEMENT IN THE DEVELOPMENT OF ROADWAYS AND INTERCHANGES IN COLORADO
• SOME FINANCIAL, ECONOMIC, AND SOCIAL POLICY ISSUES ASSOCIATED WITH TOLL FINANCE
• TECHNOLOGY AND THE HEAVY-VEHICLE ELECTRONIC LICENSE PLATE PROGRAM: POTENTIAL USES FOR GOVERNMENT AND INDUSTRY
• THE TOLL RING IN BERGEN, NORWAY