Yardstick Competition in Toll Revenues: Evidence from US States

Author: Rork, Jonathan C.

Source: Journal of Transport Economics and Policy (JTEP), Volume 43, Number 1, January 2009 , pp. 123-139(17)

Publisher: Journal of Transport Economics and Policy

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Abstract:

States have competed against one another in a variety of fiscal venues. We demonstrate that toll revenues are another such arena, with states competing with those states from which they receive and/or send many commuters. Because the size of interstate commuters is small relative to intrastate commuters, and because commuters exhibit inelastic behaviour with regard to toll changes, we argue that competition over tolls is an example of political-based yardstick competition.

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Document Type: Research article

Publication date: 2009-01-01

More about this publication?

JTEP is international both in terms of authors and readership. Since it first appeared, more than 650 papers have been published from Europe, North America, the Pacific Rim/Australasia, Africa, Asia, and South America. This international variety is also reflected in the readership.

Published three times a year, the journal covers all modes of transport and a wide variety of economic themes, including: Passenger Transport, Freight Transport, Shipping, Aviation, Transport Infrastructure, Environment & Energy, Traffic, Planning and Policy, Safety, Costs & Pricing, Competition, Evaluation, Productivity, Demand & Elasticities, Service Quality, Economies of Scale, Economics Regulation and Choice.

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