Index 473 Muller, Christopher, 284 Municipalization, 240, 241 Nader, Ralph, 5, 157, 158, 160, 161, 162 Naderites, 153, 164, 202 National Highway Traffic Safety Administration (NHTSA), 44 National Safety Council, 382 Nationalization, 240 Noble, Charles, 38 Non-compete clause, 269–72 Olson, Mancur, 140–44 Outsourcing, 391–93 Overbuilding, 40, 70 Owen, Wilfred, 37, 81 Parades, 202, 206–07 Parish highways, 147 Peak load, 49, 50, 60 pricing fees, 396 Peltzman, Sam, 5 Permit system, 80, 80–81n Peterson, Shorey, 104–08, 146, 150, 151 Philadelphia <strong>and</strong> Lancaster Turnpike Corporation, 148 Place, definition <strong>of</strong>, 39, 40 Poole, Robert, 383–85, 387–402 Posner, Richard A., 210 PPP (Public-Private Partnerships), 390–91 President’s Task Force on Highway Safety, 155 Price system (theory), 71, 72, 79, 80n, 82, 85–88, 93, 357 Pricing <strong>of</strong> road services, 361–62 Private consumption good, 118 enterprise, 4, 12, 14, 15, 17, 19, 26, 31 market in roads, 7 property, 110 property right system, 82 railroads, 149 returns, 100, 101 road developer, 18, 19 road ownership, 30, 42, 229, 231–32 road owners <strong>and</strong> safety, 44 roads, history <strong>of</strong>, 145–49 roads, incentive to provide good service, 229, 230, 232 streets, 237–38, 240 <strong>Privatization</strong>, 204, 205, 224, 349–52 Privatizers (road capitalists), 184 Pr<strong>of</strong>it-<strong>and</strong>-loss business incentives, 155, 156, 157, 198, Pr<strong>of</strong>it-<strong>and</strong>-loss system, 14, 16, 38, 41, 63, 90, 113, 126, 156, 163, 224, 274, 351, 385 Pr<strong>of</strong>its <strong>and</strong> losses, 231 Property owner, l<strong>and</strong>locked, 289–90 Public apathy, 6 Choice School <strong>of</strong> thought, 196 good argument, 140, 150, 151 goods, 98, 118–24, 125, 129, 132, 136, 139, 141, 144, 145, 150, 151 highway system, 229, 230 ownership <strong>of</strong> roads, 364 police, 220, 222 relations, 255, 276–77 Public-Private Partnerships (PPP), 390–91
474 <strong>The</strong> <strong>Privatization</strong> <strong>of</strong> <strong>Roads</strong> <strong>and</strong> <strong>Highways</strong> Quality, concept <strong>of</strong>, 286–87 R<strong>and</strong>, Ayn, 416 Rapid transit, 64, 66 Reason Foundation, 379–402 Reason Public Policy <strong>Institute</strong>, 379–402 Reductio ad absurdum, 103, 108, 368 Revealed preference doctrine, 126, 132–36, 137 Revenue curve, average (dem<strong>and</strong> curve), 32, 137, 140 Rights <strong>of</strong> access, 20 <strong>of</strong> way, 375 surface owner’s, 297, 299 Rivalrous competition, 33, 36, 369 Road(s) capitalists, 184 commercialized, 255, 270, 273 computer monitoring system, 26 denationalizing, 4 enterprise, problems, 15, 239–40, 245, 250 entrepreneur, 406 freak, 340 government owned <strong>and</strong> managed, 192, 356, 362–63 history <strong>of</strong> private, 145–49 manager, 154, 155, 156, 161 monopolistic, 325–29 private, transition, 288–89 privatization, 279, 281–90, 406, 408, 410, 415 privatizers, 184 provision, economies <strong>of</strong> scale, rage, 350 services, pricing <strong>of</strong>, 361–62 socialism, socialists, 183, 186 191, 192, 199 Road ownership <strong>and</strong> management, substitution <strong>of</strong> private for public, 154 Roadists, 157 Roadway, statist mismanagement <strong>of</strong>, 356, 361, 362 Robbins, Lionel, 34 Ross, William D., 115–16 Roth, Gabriel, 11, 41, 79, 81n, 94, 273 Rothbard, Murray N., 117, 120, 128, 135n, 137, 139n, 395–96 theory <strong>of</strong> property rights, 296 Rule <strong>of</strong> two, 406, 408 Rules <strong>of</strong> the road, 14–15, 21–23, 406 Rush hour, 47, 54–55, 57, 59, 60–63, 73, 75, 85, 89, 94 Safety record, 15 Samuelson, Paul A., 118, 124, 127, 132, 135, 138–40 Savas, E.S., 125, 132, 135, 150 Scale <strong>of</strong> holdings, 284 Scheiner, James I., 91, 94 Seatbelt laws, 384 Sherril, R., 159 Skip-stop service, 89–90 Smerk, George M., 30, 40, 107n, 116n, 117, 117n, 130, 131 Smith <strong>and</strong> Wright (SW), 173–78 Smith, Adam, 224, 235, 360, 368, 373 Smoking regulations, 207 Social returns, 100–01 Socialist provision, 233 Sommers, Paul M., 189n Sovietized highway system, 175, 180, 356
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The Privatization of Roads and High
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This book is dedicated to my fellow
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viii The Privatization of Roads and
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Acknowledgments Iwould like to than
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Introduction Most people who read t
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Introduction xvii dealing with obje
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Part II Applications
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6 Road Socialism * What are the bes
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7 Compromising the Uncompromisable:
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Part IV Critiques
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15 Comment on “Roads, Bridges, Su
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Part V Conclusion
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APPENDIX I Annual U.S. Street & Hig
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