IDEAS home Printed from https://ideas.repec.org/a/tpe/jtecpo/v35y2001i2p257-284.html
   My bibliography  Save this article

Highway Investment Benefits under Alternative Pricing Regimes

Author

Listed:
  • H. C. W. L. Williams
  • D. Van Vliet
  • C. Parathira
  • K. S. Kim

Abstract

We examine the bias involved in adopting inefficient reference states as the basis for appraising road investments. User benefits from highway schemes are estimated with respect to both unpriced networks and ones subject to marginal cost (congestion) pricing on all links. We show from the analysis of several policies defined on a Cardiff network how that the difference between these measures depends on: the parameters of the demand and user cost functions and the highway policy under test. While the value of an investment under free use will typically exceed that under congestion pricing, under certain conditions, the reverse may occur. We have used "single link", "binary link", and equilibrium network models to interpret this behaviour in terms of the quantity and composition of generated traffic associated with capacity expansion policies and, in particular, the contributions from route substitution and induced traffic. ? The London School of Economics and the University of Bath 2001

Suggested Citation

  • H. C. W. L. Williams & D. Van Vliet & C. Parathira & K. S. Kim, 2001. "Highway Investment Benefits under Alternative Pricing Regimes," Journal of Transport Economics and Policy, University of Bath, vol. 35(2), pages 257-284, May.
    • Handle: RePEc:tpe:jtecpo:v:35:y:2001:i:2:p:257-284
    as

    Download full text from publisher

    File URL: http://www.catchword.com/cgi-bin/cgi?ini=bc&body=linker&reqidx=0022-5258(20010501)35:2L.257;1-
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

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

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kidokoro, Yukihiro, 2006. "Benefit estimation of transport projects--a representative consumer approach," Transportation Research Part B: Methodological, Elsevier, vol. 40(7), pages 521-542, August.
    2. Lo, Hong K. & Szeto, W.Y., 2005. "Road pricing modeling for hyper-congestion," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(7-9), pages 705-722.
    3. Calthrop, Edward & De Borger, Bruno & Proost, Stef, 2010. "Cost-benefit analysis of transport investments in distorted economies," Transportation Research Part B: Methodological, Elsevier, vol. 44(7), pages 850-869, August.
    4. Chu, Chih-Peng & Tsai, Jyh-Fa, 2008. "The optimal location and road pricing for an elevated road in a corridor," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(5), pages 842-856, June.

    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:tpe:jtecpo:v:35:y:2001:i:2:p:257-284. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christopher F. Baum (email available below). General contact details of provider: http://www.bath.ac.uk/e-journals/jtep .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.