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Computing the cost of traffic congestion: a microsimulation exercise of the City of Antofagasta, Chile

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  • Nicolás Garrido

Abstract

This paper computes the cost of traffic congestion in the city of Antofagasta in Chile. A microsimulation is implemented where all the agents of the system travel across the transport network. The congestion cost is computed through the aggregation of the opportunity cost of people waiting within the transport system, as a consequence of traffic congestion. Monte Carlo experiments produced an approximated congestion cost of US$1.02 million during a typical working day. Moreover, the simulation provides useful information about the average traveling time for the 14 districts of the city.

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  • Nicolás Garrido, 2012. "Computing the cost of traffic congestion: a microsimulation exercise of the City of Antofagasta, Chile," Transportation Planning and Technology, Taylor & Francis Journals, vol. 35(8), pages 752-768, December.
    • Handle: RePEc:taf:transp:v:35:y:2012:i:8:p:752-768
    DOI: 10.1080/03081060.2012.739309
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    1. Erik T. Verhoef & Jan Rouwendal, 2001. "A Structural Model of Traffic Congestion," Tinbergen Institute Discussion Papers 01-026/3, Tinbergen Institute, revised 17 Oct 2003.
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    Cited by:

    1. Tseng, Po-Hsing & Lin, Dung-Ying & Chien, Steven, 2014. "Investigating the impact of highway electronic toll collection to the external cost: A case study in Taiwan," Technological Forecasting and Social Change, Elsevier, vol. 86(C), pages 265-272.
    2. Bueno Rezendede Castro, André & Ortega Sandoval, Abby Daniela & Odamtten, Genevieve, 2022. "Up around the bend? How transport poverty can lead to social exclusion in a low-income community in Lagos, Nigeria," Journal of Transport Geography, Elsevier, vol. 102(C).

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