Economics of Urban Highway Congestion and Pricing

Author:   J. F. McDonald ,  Edmond L. d'Ouville ,  Louie Nan Liu
Publisher:   Springer-Verlag New York Inc.
Edition:   Softcover reprint of the original 1st ed. 1999
ISBN:  

9781461373841


Pages:   240
Publication Date:   02 November 2012
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
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Economics of Urban Highway Congestion and Pricing


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Overview

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.

Full Product Details

Author:   J. F. McDonald ,  Edmond L. d'Ouville ,  Louie Nan Liu
Publisher:   Springer-Verlag New York Inc.
Imprint:   Springer-Verlag New York Inc.
Edition:   Softcover reprint of the original 1st ed. 1999
Dimensions:   Width: 15.50cm , Height: 1.30cm , Length: 23.50cm
Weight:   0.397kg
ISBN:  

9781461373841


ISBN 10:   1461373840
Pages:   240
Publication Date:   02 November 2012
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

I Highway Traffic Flow.- 1. An Engineering Model of Traffic Flow.- 2 Highway Traffic Flow and the ‘Uneconomic’ Region of Production.- 3 An Empirical Model of Highway Traffic Flow.- II Commuter Choice of Tollways Versus Freeways.- 4. Theory of Route Choice and the Value of Time.- 5. An Empirical Study of the Choice of Tollway or Freeway.- III Congestion Pricing in the Short Run.- 6. Congestion Pricing in the Short Run: The Basic Model.- 7. Urban Highway Congestion: An Analysis of Second-Best Tolls.- 8. Mathematical Formulation of a Multiple-Period Congestion Pricing Model.- 9. A Simulation Study of Peak and Off-Peak Congestion Pricing.- 10. The California SR-91 Example of Value Pricing.- IV Road Capacity and Pricing in the Long Run.- 11. Road Capacity with Efficient Tolls.- 12. The Comparison of Optimal Road Capacities: No Toll Versus the Optimal Toll.- 13. The Long-Run Two-Road Model of Traffic Congestion.- 14. Optimal Road Capacity with Hyper-Congestion in the Absence of Tolls.- 15. A Model of Demand for Traffic Density.- 16. Demand Uncertainty, Optimal Capacity, and Congestion Tolls.- 17. Optimal Capacity for a Bottleneck and Sub-Optimal Congestion Tolls.- Summary and Conclusions.- Author Index.

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