Road pricing
Circulation of this report is initially restricted to state road authorities to provide an opportunity for a review of its contents. The report presents a review of the basis for road pricing and argues that recent technological advances mean that it now deserves renewed and serious consideration. The report begins by discussing community objectives and shows that these can be developed into efficiency, effectiveness and equity measures and suggests that road pricing should be based on efficiency and constrained by effectiveness and equity. Efficiency is seen to represent financial/ economic objectives whereas effectiveness and equity represent social objectives. Road pricing is seen to be equitable in that it results in the user paying and the lack of this principle at the moment is argued to be the cause of many current problems. Road pricing is also seen to provide a rational means for allocating funds to road construction and maintenance. Long run marginal costs are argued to be the best basis for setting a road price. A technique is presented which enables the social cost of a road to be calculated. Desirable funding sources for particular road aspects are also discussed and itemised (a).
- Record URL:
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Corporate Authors:
ARRB
Melbourne, Victoria Australia -
Authors:
- Lay, M G
- Publication Date: 1981-10
Language
- English
Media Info
- Pagination: 18P
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Serial:
- Issue Number: AIR 000-178
Subject/Index Terms
- TRT Terms: Benefit cost analysis; Costs; Demand; Economic efficiency; Economics; Financing; Income; Management; Methodology; Operating costs; Public transit; Road pricing; Transportation departments
- ATRI Terms: Cost; Cost benefit analysis; Demand; Economic efficiency; Economics; Funding; Income; Management; Method; Operating costs; Public transport; Road pricing; Transport authority; Transport economics
- Subject Areas: Administration and Management; Economics; Public Transportation;
Filing Info
- Accession Number: 01438642
- Record Type: Publication
- Source Agency: ARRB
- Files: ATRI
- Created Date: Aug 24 2012 9:40PM