THE RAMSEY PROBLEM FOR CONGESTIBLE FACILITIES
成果类型：
Article
署名作者：
ARNOTT, R; KRAUS, M
署名单位：
Boston College
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/0047-2727(93)90092-8
发表日期：
1993
页码：
371-396
关键词：
摘要：
In recent years, a new set of models drawing on Vickrey (1969) has been developed to analyze the economics of congestible facilities. These models are structural in that they derive the cost function from consumers' time-of-use decisions and the congestion technology. Standard models, in contrast, simply assume the general form of the cost function. We apply the new approach to analyze the Ramsey problem for a congestible facility, and show that the solution generally entails cost inefficiency. Standard models have failed to reveal this result because they treat the cost function as completely determined by technology.
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