How a fast lane may replace a congestion toll


== Abstract ==

This paper considers a congested bottleneck. A fast lane reserves a more than proportional share of capacity to a designated group of travellers. Travellers are otherwise identical and other travellers can use the reserved capacity when it would otherwise be idle. The paper shows that such a fast lane is always Pareto improving under Nash equilibrium in arrival times at the bottleneck and inelastic demand. It can replicate the arrival schedule and queueing outcomes of a toll that optimally charges a constant toll during part of the demand peak. Within some bounds, the fast lane scheme is still welfare improving when demand is elastic.

Document type: Book

== Full document ==
<pdf>Media:Draft_Content_557293475-beopen992-4971-document.pdf</pdf>


== Original document ==

The different versions of the original document can be found in:

* [http://orbit.dtu.dk/getResource?recordId=275783&objectId=1&versionId=1 http://orbit.dtu.dk/getResource?recordId=275783&objectId=1&versionId=1]

* [https://backend.orbit.dtu.dk/ws/files/5505566/fastlane_final.pdf https://backend.orbit.dtu.dk/ws/files/5505566/fastlane_final.pdf]

* [https://mpra.ub.uni-muenchen.de/42271/1/MPRA_paper_42271.pdf https://mpra.ub.uni-muenchen.de/42271/1/MPRA_paper_42271.pdf]

* [http://orbit.dtu.dk/en/publications/how-a-fast-lane-may-replace-a-congestion-toll(20edbfe8-f50e-4383-be05-e3dfba284eee).html http://orbit.dtu.dk/en/publications/how-a-fast-lane-may-replace-a-congestion-toll(20edbfe8-f50e-4383-be05-e3dfba284eee).html],[http://orbit.dtu.dk/ws/files/5505566/fastlane_final.pdf http://orbit.dtu.dk/ws/files/5505566/fastlane_final.pdf]