| Summary: | This dissertation is concerned with the financing of roads in terms of public finance economic
theory. The theory of public goods is applied to the case of roads and it is concluded that
roads possess significant elements of privateness and are therefore nonpure public goods.
Given that roads are nonpure public goods, and that the market for roads has natural
monopoly characteristics, it is proposed that user charges have a role to play in the financing
of roads. Road user charging techniques such as licence fees, fuel levies, tolls, area licensing,
parking charges and weight-distance charges are evaluated. The advantages of user charging
versus tax earmarking and general fund financing are examined. A road financing system for
South Africa is proposed, whereby National roads are financed by user charges, and
Provincial and Local roads are financed partly by user charges and partly by general taxes. === Economics and Management Sciences === Thesis (M.Com.)--University of South Africa, 1996.
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