The demand curve under road pricing and the problem of political feasibility
AbstractRoad pricing is widely advocated as a solution to congestion problems. The underlying theory is well developed, and we even have the technology to implement it without toll booths. Only political barriers remain: Decision makers are reluctant to retrofit tolls on existing highways because they do not know what circumstances might make such an action acceptable to the public. This paper develops a graphical model that displays the interaction between road capacity, user demand, travel speed and toll charges. The model is then used to analyze the sources of public resistance to road pricing. Might the potential response to road pricing be predicted using data from the new toll roads now being built around the United States? Our model shows it cannot: Political success depends on the demand characteristics at the right-hand side of the demand curve, while toll road data only trace out the left-hand side of the curve. Our model also shows situations where the new toll roads are likely to generate public anger. The Appendix discusses an experimental design that uses unobtrusive measures to assess the effect of a transportation project.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Transportation Research Part A: Policy and Practice.
Volume (Year): 28 (1994)
Issue (Month): 2 (March)
Contact details of provider:
Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/547/description#description
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Erik Verhoef, 1997.
"Time, Speeds, Flows and Densities in Static Models of Road Traffic Congestion and Congestion Pricing,"
Tinbergen Institute Discussion Papers
97-070/3, Tinbergen Institute.
- Verhoef, Erik T., 1999. "Time, speeds, flows and densities in static models of road traffic congestion and congestion pricing," Regional Science and Urban Economics, Elsevier, vol. 29(3), pages 341-369, May.
- Erik Teodoor Verhoef, 1998. "Time, speeds, flows and densities in static models of road traffic congestion and congestion pricing," ERSA conference papers ersa98p156, European Regional Science Association.
- Claude Abraham & Alain Bonnafous & Daniel Chabanol & Marc Chabert & Yves Crozet & Christiane Dalmais, 2000. "Péage et financement d'infrastructures en milieu urbain - Lyon, les leçons d'un périphérique. Actes du colloque, 5-6 décembre 2000, Lyon (France)," Post-Print halshs-00200161, HAL.
- Erik Verhoef, 1997. "Time, Speeds, Flows and Densities in Static Models of Road Traffic Congestion and Congestion Pricing," Tinbergen Institute Discussion Papers 97-070/3, Tinbergen Institute.
- repec:dgr:uvatin:2097070 is not listed on IDEAS
- Michael J. Clay * & Patricia L. Mokhtarian, 2004.
"Personal travel management: the adoption and consideration of travel‐related strategies,"
Transportation Planning and Technology,
Taylor & Francis Journals, vol. 27(3), pages 181-209, June.
- Clay, Michael J. & Mokhtarian, Patricia L., 2004. "Personal Travel Management: The Adoption and Consideration of Travel-Related Strategies," University of California Transportation Center, Working Papers qt3mw6d5hj, University of California Transportation Center.
- Verhoef, Erik, 1995. "The demand curve under road pricing and the problem of political feasibility: A comment," Transportation Research Part A: Policy and Practice, Elsevier, vol. 29(6), pages 459-465, November.
- De Borger, Bruno, 2001.
"Discrete choice models and optimal two-part tariffs in the presence of externalities: optimal taxation of cars,"
Regional Science and Urban Economics,
Elsevier, vol. 31(4), pages 471-504, July.
- DE BORGER, Bruno, . "Discrete choice models and optimal two-part tariffs in the presence of externalities: Optimal taxation of cars," Working Papers 2000021, University of Antwerp, Faculty of Applied Economics.
- De Leon, Marycruz & Fullerton, Thomas M., Jr. & Kelley, Brian W., 2009. "Tolls, Exchange Rates, and Borderplex International Bridge Traffic," MPRA Paper 19861, University Library of Munich, Germany.
- Johnston, Robert A. & Lund, Jay R. & Craig, Paul P., 1995. "Capacity-Allocation Methods for Reducing Urban Traffic Congestion," University of California Transportation Center, Working Papers qt9237z4p6, University of California Transportation Center.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.