Paying for Roads

Paying for Roads


The Economics of Traffic Congestion

This essential two-volume collection contains the most influential articles written over the past eight decades that contribute to an understanding of the economics of traffic congestion.

The Economics of Traffic Congestion

This essential two-volume collection contains the most influential articles written over the past eight decades that contribute to an understanding of the economics of traffic congestion. The first volume explores the classic contributions on congestion and road pricing and includes papers in dynamic models and second-best congestion pricing. The second volume analyses ownership arrangements such as private roads, investment and financing, urban land use, social acceptability and distributional aspects of road pricing. Erik Verhoef has written an insightful introduction which provides a clear overview of a problem which is of major importance in both developed and developing countries.

The Economics of Traffic Congestion

E. T. Verhoef. _ l/___ The Economics of Traffic Congestion Volume II The International Library.

The Economics of Traffic Congestion

This two-volume collection contains the most influential articles written over the past eight decades that contribute to an understanding of the economics of traffic congestion.

The Economics of Public Issues

The twelfth edition continues the tradition of illustrating traditional economic principles through contemporary issues by offering eight all-new chapters on compelling topics such as the economics of traffic jams, slave redemption in Sudan ...

The Economics of Public Issues

For years, The Economics of Public Issues has shown students the power of economics in explaining the world around us. The twelfth edition continues the tradition of illustrating traditional economic principles through contemporary issues by offering eight all-new chapters on compelling topics such as the economics of traffic jams, slave redemption in Sudan, and the Microsoft monopoly. The authors' clear presentation and straightforward applications make the study of economics entertaining and informative. The Economics of Public Issues is an essential source of engaging, relevant readings for a principles of economics course, and an excellent way to spark independent thinking in political economy, public policy, and social issues courses.

The Man Made World

The Man  Made World


The Economics of Urban Transportation

This timely new edition of Kenneth A. Small’s seminal textbook Urban Transportation Economics, co-authored with Erik T. Verhoef, has been fully updated, covering new areas such as parking policies, reliability of travel times, and the ...

The Economics of Urban Transportation

This timely new edition of Kenneth A. Small’s seminal textbook Urban Transportation Economics, co-authored with Erik T. Verhoef, has been fully updated, covering new areas such as parking policies, reliability of travel times, and the privatization of transportation services, as well as updated treatments of congestion modelling, environmental costs, and transit subsidies. Rigorous in approach and making use of real-world data and econometric techniques, it contains case studies from a range of countries including congestion charging in Norway, Singapore and the UK, light rail in the Netherlands and freeway tolls in the US. Small and Verhoef cover all basic topics needed for any application of economics to transportation: forecasting the demand for transportation services under alternative policies measuring all the costs including those incurred by users setting prices under practical constraints choosing and evaluating investments in basic facilities designing ways in which the private and public sectors interact to provide services. This book will be of great interest to students with basic calculus and some knowledge of economic theory who are engaged with transportation economics, planning and, or engineering, travel demand analysis, and many related fields. It will also be essential reading for researchers in any aspect of urban transportation.

Road Pricing

The book contains twelve papers useful to different types of audience, such as researchers and postgraduate students, civil servants, policy makers and consultants.

Road Pricing

Traffic congestion affects towns and cities everywhere and in some places it is regarded as one of the most urgent and important problems in need of a solution. Road pricing is undoubtedly recognised as an effective traffic demand management tool. The recent London congestion charging scheme seems to be showing that public and political opposition is not insurmountable. Thus, the ghost that prevented the introduction of a policy supported by transport economists for over 80 years seems to have disappeared or at least, weakened. The book contains twelve papers useful to different types of audience, such as researchers and postgraduate students, civil servants, policy makers and consultants. The first part is mainly theoretical and concentrates on second-best congestion pricing including pricing in urban contexts, the impact on the performance of the road network, optimal locations and charge levels, dynamic aspects such as time variation of tolls, potential impacts of road pricing on costs and service quality of public transport buses, and efficiency costs and transport sector effects of different types of pricing when they guarantee a balanced budget per mode. The second part contains chapters that describe the schemes in place around the world such as Singapore, Norway, London, and the US. The volume is an update of the state of the art on the subject and the first one to have been written and appear after the London scheme was implemented and to contain an assessment of its preliminary impacts.

Economics of Urban Highway Congestion and Pricing

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.

Economics of Urban Highway Congestion and Pricing

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.

A System at Risk

A System at Risk is a comprehensive analysis of the transportation dilemma in the United States that continues to affect the economic competitiveness and quality of life in America.

A System at Risk

A System at Risk is a comprehensive analysis of the transportation dilemma in the United States that continues to affect the economic competitiveness and quality of life in America. Written for the layman and the professional alike, it describes an impending crisis in the surface transportation system, which is the foundation of economic vitality. Dr. Harold Worrall exposes the underlying relationship between transportation and economics by reviewing public economic theory and choice. Incremental policy making has done little to reduce automobile and truck traffic growth. Further, an analysis of traffic congestion demonstrates a geometric growth pattern for congestion even as traffic grows linearly. Dr. Worrall reviews the European Union and China for the manner in which they have addressed similar challenges. These competing economies are shown to have a strategy for dealing with surface transportation and are in stark contrast to that of the United States. Transportation funding is shown to be inadequate in volume and method of application as traffic volumes continue to grow. Dr. Worrall shows that there is a demonstrated need for transportation policies that consider a relationship between the price and consumption of transportation.

ECMT Round Tables Traffic Congestion in Europe

Countless studies have been published detailing the number of working hours lost in traffic jams. The figures quoted in these studies are alarming and paint an apocalyptic picture of road congestion.

ECMT Round Tables Traffic Congestion in Europe

The problems caused by road congestion are frequently reported in the media and finding a solution to congestion ranks high on the agenda of politicians. Countless studies have been published detailing the number of working hours lost in traffic ...

Traffic Congestion and Land use Regulations

The book shows the practical usefulness of land use regulations for maximizing urban social welfare.

Traffic Congestion and Land use Regulations

Urban Transportation Congestion and Land Use Regulations: Theory and Policy Analysis explores why, when, where, and how land use regulations are used in cities to address road transportation congestion. Dense urban areas enhance and facilitate communication and innovation but they also increase traffic congestion. Land use regulations policies are used to manage spatial externalities in these urban environments, with local governments intervening through enforcement of building size, lot size, and zoning. Urban Transportation Congestion and Land Use Regulations shows how to design optimal density and zonal regulations for efficient traffic flow in cities. It examines land use regulations using optimal control theory, offering detailed insights into the mechanisms behind the optimal regulations and the techniques for exploring spatial optimal policies. The book shows the practical usefulness of land use regulations for maximizing urban social welfare. Uniquely explores land use regulations and traffic congestion together in one volume from both a theoretical and applied perspective Reviews and summarizes the most recent academic research in urban economics, land use management, and transportation congestion Demonstrates important but less commonly used regulations such as minimum floor area regulations Provides insights for constructing smarter cities using the latest research in land use regulations

Road Pricing Traffic Congestion and the Environment

Other subjects discussed include congestion and urban development, congestion pricing and road infrastructure investment, and road pricing and urban sustainability. Annotation copyrighted by Book News, Inc., Portland, OR

Road Pricing  Traffic Congestion and the Environment

Examines the regulation of road traffic congestion in theory and practice, within the context of social and political feasibility. Looks at Pigouvian taxes, the most popular policy prescription among economists, and considers a variety of other policies which may be more politically and socially acceptable. Other subjects discussed include congestion and urban development, congestion pricing and road infrastructure investment, and road pricing and urban sustainability. Annotation copyrighted by Book News, Inc., Portland, OR

Essays on the Economics of Urban Transportation

This thesis includes three papers exploring urban traffic congestion and the interplay between urban commuting and economic activity in developing countries.

Essays on the Economics of Urban Transportation

This thesis includes three papers exploring urban traffic congestion and the interplay between urban commuting and economic activity in developing countries. The first paper studies the impact of peak-hour road congestion pricing on commuter welfare, using a field experiment and GPS-based data collection in Bangalore, India. Commuters value time spent commuting highly and are moderately flexible to change departure time. However, welfare gains from optimal congestion pricing are predicted to be low, due primarily to a small road traffic externality. The second paper studies the impact of a high occupancy vehicle (HOV) policy in Jakarta, Indonesia, on road traffic congestion measured using data from Google Maps. The lifting of the “3-in-1” policy led to large increases in traffic congestion throughout the city. The third paper uses cell phone transaction data in Colombo, Sri Lanka and Dhaka, Bangladesh, to construct and validate detailed urban commuting flows, and to then infer urban locations with high labor productivity.