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Impact of Value of Time (VOT) on toll roads

Listed author(s):
  • M. Rouhani, Omid

This paper provides a brief overview of the concept of value of time (VOT), in the context of toll road schemes. VOT analysis determines the tradeoffs travelers make between time and tolls. The analysis is very important when considering the choice between tolled and un-tolled alternatives. Using travel demand model of Fresno, CA, I provide a sensitivity analysis showing how the outcomes of tolling schemes can change with varying VOT levels.

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File URL: https://mpra.ub.uni-muenchen.de/65087/1/MPRA_paper_65087.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 65087.

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Date of creation: 16 Jun 2015
Handle: RePEc:pra:mprapa:65087
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  1. Chen, Mei & Bernstein, David H., 2004. "Solving the toll design problem with multiple user groups," Transportation Research Part B: Methodological, Elsevier, vol. 38(1), pages 61-79, January.
  2. Anthony E. BOARDMAN & Aidan R. VINING, 2012. "The Political Economy Of Public‐Private Partnerships And Analysis Of Their Social Value," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 83(2), pages 117-141, 06.
  3. Prud'homme, Rémy & Bocarejo, Juan Pablo, 2005. "The London congestion charge: a tentative economic appraisal," Transport Policy, Elsevier, vol. 12(3), pages 279-287, May.
  4. Safirova, Elena & Gillingham, Kenneth & Houde, Sébastien, 2007. "Measuring marginal congestion costs of urban transportation: Do networks matter?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 41(8), pages 734-749, October.
  5. M. Rouhani, Omid, 2014. "Road pricing: An overview," MPRA Paper 59662, University Library of Munich, Germany.
  6. Rouhani, Omid M. & Oliver Gao, H. & Richard Geddes, R., 2015. "Policy lessons for regulating public–private partnership tolling schemes in urban environments," Transport Policy, Elsevier, vol. 41(C), pages 68-79.
  7. repec:eme:rhetpp:rhet.2015.33 is not listed on IDEAS
  8. Jean-Etienne de Bettignies & Thomas W. Ross, 2004. "The Economics of Public-Private Partnerships," Canadian Public Policy, University of Toronto Press, vol. 30(2), pages 135-154, June.
  9. Rouhani, Omid M. & Niemeier, Debbie & Knittel, Christopher R. & Madani, Kaveh, 2013. "Integrated modeling framework for leasing urban roads: A case study of Fresno, California," Transportation Research Part B: Methodological, Elsevier, vol. 48(C), pages 17-30.
  10. Chen, Anthony & Subprasom, Kitti, 2007. "Analysis of regulation and policy of private toll roads in a build-operate-transfer scheme under demand uncertainty," Transportation Research Part A: Policy and Practice, Elsevier, vol. 41(6), pages 537-558, July.
  11. Ali Mirchi & Saeed Hadian & Kaveh Madani & Omid M. Rouhani & Azadeh M. Rouhani, 2012. " World Energy Balance Outlook and OPEC Production Capacity: Implications for Global Oil Security," Energies, MDPI, Open Access Journal, vol. 5(8), pages 1-26, July.
  12. Yang, Hai & Huang, Hai-Jun, 2004. "The multi-class, multi-criteria traffic network equilibrium and systems optimum problem," Transportation Research Part B: Methodological, Elsevier, vol. 38(1), pages 1-15, January.
  13. Small, Kenneth A., 2012. "Valuation of travel time," Economics of Transportation, Elsevier, vol. 1(1), pages 2-14.
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