THE WELFARE COSTS OF NONOPTIMAL AIRPORT UTILIZATION

A transportation model has been developed and applied to three airports in the Washington Baltimore area. Marginal cost pricing is used while simultaneously allocating trips among near and far airports. A set of simultaneous equations are solved to estimate equilibrium marginal-cost prices and tolls. The value of travel time played a crucial role in the model. In comparing the cost of passenger trips before and after the imposition of congestion tolls it was found that the welfare cost of nonoptimal utilization of the three airports is about $14 million dollars, 16 percent of the cost of trips without marginal cost pricing.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/00472727
• Corporate Authors:

  North-Holland Publishing Company

  P.O. Box 211
  1000 AE Amsterdam,   Netherlands 
• Authors:
  • Likens, J P
• Publication Date: 1976-1

Media Info

• Serial:
  • Journal of Public Economics
  • Volume: 5
  • Issue Number: 1,2
  • Publisher: Elsevier
  • ISSN: 0047-2727

Subject/Index Terms

• TRT Terms: Airports; Costs; Equations; Mathematical models; Tolls; Traffic congestion; Transportation; Travel time; Utilization
• Uncontrolled Terms: Congestion; Transportation models
• Subject Areas: Administration and Management; Transportation (General);

Filing Info

• Accession Number: 00128959
• Record Type: Publication
• Files: TRIS
• Created Date: Mar 10 1976 12:00AM