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Transportation planners and economists are urging us to adopt congestion pricing - to charge motorists more for driving on crowded roads during rush hours and less for traveling on uncrowded roads in off-peak hours. By putting a price on peak-hour travel, we would encourage motorists to switch...
Persistent link: https://www.econbiz.de/10010676797
Congestion pricing provides opportunities for transit to become more self-reliant. Both the theory of congestion pricing and its use in congested US corridors are examined. A 5% increase in commuter demand for transit is estimated in suburban corridors. New opportunities for transit are required...
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Some road-pricing demonstrations use “value pricing,†in which travelers can choose between a free but congested roadway and a priced roadway. Recent research has uncovered a potentially serious problem for such demonstrations, second-best tolls may be far lower than those typically...
Persistent link: https://www.econbiz.de/10010676864
Recent econometric advances have made it possible to empirically identify the varied nature of consumers' preferences. We apply these advances to study commuters' preferences for speedy and reliable highway travel with the objective of exploring efficiency and distributional effects of road...
Persistent link: https://www.econbiz.de/10010676969
Understanding attitudes held by the public about the acceptability, fairness, and effectiveness of congestion pricing systems is crucial to the planning and evaluation of such systems. In this study, joint models of attitude and behavior are developed to explain how both mode choice and...
Persistent link: https://www.econbiz.de/10010677200
The economic theory behind congestion pricing relies on using the revenues to help compensate highway users. But can practical methods of using revenues come close to achieving this compensation, and still have salient appeal to important political groups? This paper investigates the...
Persistent link: https://www.econbiz.de/10010817754
Driven by problems of traffic congestion, U.S. policy toward urban highways has lurched over several decades from highway building to high-occupancy-vehicle lanes to travel demand management. Yet congestion has worsened, and there is scant evidence that these policies have had any appreciable...
Persistent link: https://www.econbiz.de/10010817755