Abstract

This note corrects a small but important error in the uniform portion of the socially optimal step toll derived by Arnott et al. (1990a). In particular, we show that this toll is actually a function of the values of travel time, early arrival time, and late arrival time (i.e., not just the value of travel time). In addition, we show that the toll needed to obtain the optimal route split in the presence of a time-varying step-toll is different from the one that is needed in the absence of any time-varying toll.

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