IDEAS home Printed from https://ideas.repec.org/a/eee/transa/v42y2008i1p28-47.html
   My bibliography  Save this article

Toll optimisation on river crossings serving large cities

Author

Listed:
  • Hyman, G.
  • Mayhew, L.

Abstract

There is renewed interest in the private sector financing and operation of major transportation projects, in which a significant financial contribution comes from toll revenues. Tolling is ideally suited to river crossings, where the tolls are relatively easy to administer and collect. Because of their span, bridges over river estuaries are particularly expensive to build and maintain and so need to be put on a firm financial footing. Toll revenue is therefore a key consideration if such projects are to be financially viable and risk is to be minimised. There may be other issues to do with who benefits from the bridge and whether differential tolls should apply to local residents and non-resident bridge users. In addition, such bridges may be linked to wider economic objectives, such as local development and regeneration. This paper describes a model for estimating optimum bridge tolls, from both a financial and a welfare perspective and provides a case study that illustrates a range of scenarios that are of general interest.

Suggested Citation

  • Hyman, G. & Mayhew, L., 2008. "Toll optimisation on river crossings serving large cities," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(1), pages 28-47, January.
  • Handle: RePEc:eee:transa:v:42:y:2008:i:1:p:28-47
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0965-8564(07)00049-3
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Ieromonachou, P. & Potter, S. & Warren, J.P., 2006. "Norway's urban toll rings: Evolving towards congestion charging?," Transport Policy, Elsevier, vol. 13(5), pages 367-378, September.
    2. Verhoef, Erik T., 2005. "Second-best congestion pricing schemes in the monocentric city," Journal of Urban Economics, Elsevier, vol. 58(3), pages 367-388, November.
    3. Rouwendal, Jan & Verhoef, Erik T., 2006. "Basic economic principles of road pricing: From theory to applications," Transport Policy, Elsevier, vol. 13(2), pages 106-114, March.
    4. Romilly, Peter, 2004. "Welfare evaluation with a road capacity constraint," Transportation Research Part A: Policy and Practice, Elsevier, vol. 38(4), pages 287-303, May.
    5. Geoffrey Hyman & Les Mayhew, 2000. "The properties of route catchments in orbital - radial cities," Environment and Planning B: Planning and Design, Pion Ltd, London, vol. 27(6), pages 843-863, November.
    6. Hau, Timothy D., 1992. "Economic fundamentals of road pricing : a diagrammatic analysis," Policy Research Working Paper Series 1070, The World Bank.
    7. Verhoef, Erik T. & Small, Kenneth A., 2002. "Product Differentiation on Roads: Constrained Congestion Pricing with Heterogeneous Users," University of California Transportation Center, Working Papers qt2sb2x5xp, University of California Transportation Center.
    8. Wong, Walter K.I. & Noland, Robert B. & Bell, Michael G.H., 2005. "The theory and practice of congestion charging," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(7-9), pages 567-570.
    9. Palma, André de & Lindsey, Robin & Proost, Stef, 2006. "Research challenges in modelling urban road pricing: An overview," Transport Policy, Elsevier, vol. 13(2), pages 97-105, March.
    10. Holgui­n-Veras, Jose & Cetin, Mecit & Xia, Shuwen, 2006. "A comparative analysis of US toll policy," Transportation Research Part A: Policy and Practice, Elsevier, vol. 40(10), pages 852-871, December.
    11. Hyman, Geoffrey & Mayhew, Les, 2002. "Optimizing the benefits of urban road user charging," Transport Policy, Elsevier, vol. 9(3), pages 189-207, July.
    12. Eliasson, Jonas & Mattsson, Lars-Göran, 2006. "Equity effects of congestion pricing: Quantitative methodology and a case study for Stockholm," Transportation Research Part A: Policy and Practice, Elsevier, vol. 40(7), pages 602-620, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. 291 – The Swinford Toll Bridge
      by David Pannell in Pannell Discussions on 2016-06-09 02:23:31

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:transa:v:42:y:2008:i:1:p:28-47. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/547/description#description .

    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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.