This paper presents various methods of estimating the full marginal cost (FMC) of highway passenger transportation. First, the computation of FMC is performed using the marginal cost functions, most of which were developed by Ozbay et al. [Ozbay, K., Bartin, B., Berechman, J., 2001. Estimation...

Intelligent Transportation Systems (ITS) aim at reducing travel times by making more efficient use of the existing transportation infrastructure through the use of state-of-the-art information technology solutions. It is, however, important to determine the impact of these technologies before...

Bringing together insights and perspectives from close to 70 of the world’s leading experts in the field, this timely Handbook provides an up-to-date guide to the most recent and state-of-the-art advances in transport economics. The comprehensive coverage includes topics such as the...

The impact of highway investments on economic development is investigated. Spatial and temporal aspects of transportation investments are studied by analyzing lagged and spillover effects, and the contribution of past output levels to the current output using a dynamic model. County level data...

Numerous studies have found positive correlation between transportation infrastructure investment and economic development. Basically these studies use a conventional production function model augmented by a public capital input, mainly highways, rail and other transportation facilities. While...

In this paper, the Dynamic Traffic Routing problem is defined as the real-time point diversion of traffic during non-recurrent congestion. This dynamic traffic routing problem is then formulated as a feedback control problem that determines the time-dependent split parameters at the diversion...