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Economics of Urban Highway Congestion and Pricing : Transportation Research, Economics and Policy - John F. McDonald

Economics of Urban Highway Congestion and Pricing

Transportation Research, Economics and Policy

Hardcover Published: 31st October 1999
ISBN: 9780792386315
Number Of Pages: 240

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Economics of Urban Highway Congestion and Pricing offers the most extensive examination to date of the relationship between congestion tolls and highway capacity in the long run. This study breaks new ground in the economic theory of optimal road capacity by including theoretical contributions, empirical studies, and simulation experiments that all pertain to the general topic reflected in the title. The book is organized into four sections: 1) highway traffic flow; 2) commuter choice of tollways versus freeways; 3) congestion pricing in the short run; and 4) road capacity and pricing in the long run.
In particular, the first section on highway traffic flow examines the chief models and empirical studies of vehicular flow on urban highways. The second section of the book is a theoretical and empirical examination of the choice that commuters make between urban tollways and freeways. The third section is devoted to congestion pricing in the short run, the time period in which the urban highway facilities are taken as given. This section is the most important part of the book from the standpoint of public policy. The fourth and last section of the book considers road capacity and pricing in the long run, with the concluding chapter gathering the authors' main results in one place and making recommendations both for current policy and for future research.

List of Figuresp. vii
List of Tablesp. viii
Prefacep. ix
Acknowledgmentsp. x
Introductionp. 1
Highway Traffic Flowp. 7
An Engineering Model of Traffic Flowp. 9
Highway Traffic Flow and the 'Uneconomic' Region of Productionp. 15
An Empirical Model of Highway Traffic Flowp. 23
Commuter Choice of Tollways Versus Freewaysp. 35
Theory of Route Choice and the Value of Timep. 37
An Empirical Study of the Choice of Tollway or Freewayp. 43
Congestion Pricing in the Short Runp. 51
Congestion Pricing in the Short Run: the Basic Modelp. 53
Urban Highway Congestion: An Analysis of Second-Best Tollsp. 67
Mathematical Formulation of a Multipleperiod Congestion Pricing Modelp. 85
A Simulation Study of Peak and Off-Peak Congestion Pricingp. 97
The California SR-91 Example of Value Pricingp. 115
Road Capacity and Pricing in the Long Runp. 133
Road Capacity with Efficient Tollsp. 135
The comparison of Optimal Road Capacities: no Toll Versus the Optimal Tollp. 141
The Long-Run Two-Road Model of Traffic Congestionp. 159
Optimal Road Capacity with Hypercongestion in the Absence of Tollsp. 171
A Model of Demand for Traffic Densityp. 181
A Long-Run, Two-Road Modelp. 191
Demand Uncertainty, Optimal Capacity, and Congestion Tollsp. 205
Optimal Capacity for a Bottleneck and Sub-Optimal Congestion Tollsp. 219
Summary and Conclusionsp. 233
Author Indexp. 237
Subject Indexp. 239
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780792386315
ISBN-10: 0792386310
Series: Transportation Research, Economics and Policy
Audience: General
Format: Hardcover
Language: English
Number Of Pages: 240
Published: 31st October 1999
Publisher: Springer
Country of Publication: US
Dimensions (cm): 24.26 x 16.28  x 1.93
Weight (kg): 0.56

Earn 542 Qantas Points
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