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FAN Jian-qiang, XU Hai-cheng. Comparison of toll road regulation effects under different goal conditions[J]. Journal of Traffic and Transportation Engineering, 2014, 14(4): 82-88.
Citation: FAN Jian-qiang, XU Hai-cheng. Comparison of toll road regulation effects under different goal conditions[J]. Journal of Traffic and Transportation Engineering, 2014, 14(4): 82-88.
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Comparison of toll road regulation effects under different goal conditions

  • School of Economics and Management, Chang'an University, Xi'an 710064, Shaanxi, China

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  • Author Bio:

    FAN Jian-qiang(1974-), male, associate professor, PhD, +86-29-82334513, fanjianq@126.com

  • Received Date: 2014-04-10
  • Publish Date: 2014-08-25
    Abstract
  • In order to compare the influences of regulation measures on the economic variables of toll roads under different goals, the regulation models of toll roads under different goals were built by using the basic theories of welfare economics and regulation economics, and the differences of major economic variables in five different regulation models were compared by simulation calculation.Analysis result shows that it is easy to lead to business losses under the objective of social welfare maximization with no regulation.The toll price will increase under the objective of social welfare maximization with a breakeven on the finance of toll road.The road capacity and social welfare will decrease under the objective of profit maximization with no regulation.It is helpful to increase not only social welfare but also corporate profit under the objective of profit maximization with traffic volume regulation and travel cost regulation.The objectives of social welfare maximization and profit maximization are difficult to be achieved at the same time, but it is helpful to reconcile the differences between the two goals under toll road concession with government regulation.

     

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