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An Estimation Of Efficient Time-Varying Tolls For Cross Harbor Tunnels In Hong Kong

Author

Listed:
  • TIMOTHY D. HAU

    (School of Economics and Finance, University of Hong Kong, Pokfulam Road, Hong Kong)

  • BECKY P. Y. LOO

    (Department of Geography, University of Hong Kong, Pokfulam Road, Hong Kong)

  • K. I. WONG

    (Department of Transportation Technology & Management, National Chiao Tung University 1001 Ta Hsueh Road, Hsinchu, 30010, Taiwan)

  • S. C. WONG

    (Department of Civil Engineering, University of Hong Kong, Pokfulam Road, Hong Kong)

Abstract

This work estimates the distribution of a time-varying toll over a 24-hour period that minimizes the combined queue length of the three tunnels that traverse Hong Kong's Victoria Harbour, taking into account institutional constraints. Our results reveal that switching from a flat toll to a time-varying toll scheme would eliminate all existing tunnel queues. We argue that optimal tunnel tolling, coupled with the nonstop electronic toll collection mechanism already in place, could be the first step toward the implementation of electronic road pricing in Hong Kong. Optimal tolling would obviate the need to build a fourth harbor crossing in the near future.

Suggested Citation

  • Timothy D. Hau & Becky P. Y. Loo & K. I. Wong & S. C. Wong, 2011. "An Estimation Of Efficient Time-Varying Tolls For Cross Harbor Tunnels In Hong Kong," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 56(04), pages 467-488.
    • Handle: RePEc:wsi:serxxx:v:56:y:2011:i:04:n:s0217590811004432
    DOI: 10.1142/S0217590811004432
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    References listed on IDEAS

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    1. Train,Kenneth E., 2009. "Discrete Choice Methods with Simulation," Cambridge Books, Cambridge University Press, number 9780521766555.
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    Cited by:

    1. Woo, C.K. & Cheng, Y.S. & Li, R. & Shiu, A. & Ho, S.T. & Horowitz, I., 2015. "Can Hong Kong price-manage its cross-harbor-tunnel congestion?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 82(C), pages 94-109.
    2. Saens, Rodrigo & Lobos, Germán, 2013. "Elasticidad precio de la demanda por autopistas interurbanas en Chile," Revista Lecturas de Economía, Universidad de Antioquia, CIE, issue 79, pages 143-170, May.

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    More about this item

    Keywords

    Congestion; congestion pricing; time-varying toll; R41; R48;
    All these keywords.

    JEL classification:

    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy

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