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Highway construction occurs nowadays mainly through widening of existing roads rather than building new roads. This paper documents that highway widenings considerably reduce congestion in the short run, defined here as 6 years. Using longitudinal microdata from highway detector loops in the...
Persistent link: https://www.econbiz.de/10012817015
The purpose of this paper is to explain the traffic congestion theory of A. A. Walters (1961). The recent paper by Choi … (2013) provides an interpretation of the theory that is no consistent with the Walters presentation. This paper provides an …
Persistent link: https://www.econbiz.de/10014152735
Non-recurrent congestion is frequently caused by accidents and other incidents. We estimate the causal effect of incident duration on drivers’ time losses through changes in non-recurrent road congestion on Dutch highways. We demonstrate that incident duration has a strong positive, but...
Persistent link: https://www.econbiz.de/10014155599
This chapter considers partially (non)rival infrastructure and congestion. Specifically, it explains and analyzes congestions problems and solutions. It begins with the basic economic model of congestion, which assumes homogenous uses, and discusses various approaches to managing congestion. It...
Persistent link: https://www.econbiz.de/10013103289
This paper uses the bottleneck model of Vickrey (1969) to empirically measure the social cost of traffic congestion in …
Persistent link: https://www.econbiz.de/10012890303
Using unique datasets of Beijing's congestion patterns and housing prices, I find that consumers are willing to pay significantly more for access to rail transit in more congested areas. Transit accessibility, however, offers little travel advantage outside of dense urban areas. The expansion of...
Persistent link: https://www.econbiz.de/10012935633
This paper discusses the main external costs related to road transport and the design of taxes to manage them. It provides an overview of evolving tax practice in the European Union and the United States and identifies opportunities for better alignment of transport taxes with external costs....
Persistent link: https://www.econbiz.de/10012135999
Persistent link: https://www.econbiz.de/10012198801
Highway construction occurs nowadays mainly through widening of ex- isting roads rather than building new roads. This paper documents that highway widenings considerably reduce congestion in the short run, defined here as 6 years. Using longitudinal microdata from highway detector loops in the...
Persistent link: https://www.econbiz.de/10013296577
The goal of this paper is the estimation of the effect of accidents on traffic congestion and vice versa. In order to do this, I use "big data" of highway traffic and accidents in England for the period 2007-2013. The data exhibit some remarkably stable cyclical pattern of highway traffic which...
Persistent link: https://www.econbiz.de/10011477032