The Privatization of Roads and Highways - Ludwig von Mises Institute

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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 and Lancaster Turnpike Corporation, 148 Place, definition of, 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 of 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 and safety, 44 roads, history of, 145–49 roads, incentive to provide good service, 229, 230, 232 streets, 237–38, 240 Privatization, 204, 205, 224, 349–52 Privatizers (road capitalists), 184 Profit-and-loss business incentives, 155, 156, 157, 198, Profit-and-loss system, 14, 16, 38, 41, 63, 90, 113, 126, 156, 163, 224, 274, 351, 385 Profits and losses, 231 Property owner, landlocked, 289–90 Public apathy, 6 Choice School of 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 of roads, 364 police, 220, 222 relations, 255, 276–77 Public-Private Partnerships (PPP), 390–91
474 The Privatization of Roads and Highways Quality, concept of, 286–87 Rand, Ayn, 416 Rapid transit, 64, 66 Reason Foundation, 379–402 Reason Public Policy Institute, 379–402 Reductio ad absurdum, 103, 108, 368 Revealed preference doctrine, 126, 132–36, 137 Revenue curve, average (demand curve), 32, 137, 140 Rights of access, 20 of 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 and managed, 192, 356, 362–63 history of 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 of scale, rage, 350 services, pricing of, 361–62 socialism, socialists, 183, 186 191, 192, 199 Road ownership and management, substitution of private for public, 154 Roadists, 157 Roadway, statist mismanagement of, 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 of property rights, 296 Rule of two, 406, 408 Rules of 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 of 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 and 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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vi The Privatization of Roads and H
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viii The Privatization of Roads and
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x The Privatization of Roads and Hi
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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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1 Free-Market Transportation: Denat
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Free-Market Transportation: Denatio
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3 Public Goods and Externalities: T
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Public Goods and Externalities: The
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154 The Privatization of Roads and
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Part II Applications
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6 Road Socialism * What are the bes
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Road Socialism 185 of the state app
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Road Socialism 187 It is in order t
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Road Socialism 189 indicates that v
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Road Socialism 191 vehicle inspecti
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Road Socialism 193 that “The domi
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Road Socialism 195 imaginative and
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Road Socialism 197 2. Perhaps the p
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Road Socialism 199 bouncer, to each
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7 Compromising the Uncompromisable:
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Compromising the Uncompromisable: S
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8 Roads and the Immigration Issue T
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Roads and the Immigration Issue 217
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9 The Motor Vehicle Bureau Newly ar
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The Motor Vehicle Bureau 225 In the
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10 Privatize Public Highways * Acro
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Privatize Public Highways 231 Thoma
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11 Homesteading City Streets: An Ex
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Homesteading City Streets: An Exerc
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13 Transition to Private Roads * Le
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Transition to Private Roads 281 pre
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Transition to Private Roads 283 Blo
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Transition to Private Roads 285 to
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Transition to Private Roads 287 But
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Transition to Private Roads 289 The
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Part IV Critiques
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15 Comment on “Roads, Bridges, Su
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Comment on “Roads, Bridges, Sunli
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16 Roads, Bridges, Sunlight, and Pr
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Roads, Bridges, Sunlight, and Priva
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17 Who is Responsible for Traffic D
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Who is Responsible for Traffic Deat
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20 Aiding and Abetting Road Sociali
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Aiding and Abetting Road Socialism
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Part V Conclusion
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APPENDIX I Annual U.S. Street & Hig
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