Estimating the Social Cost of Congestion Using the Bottleneck Model

This paper uses the Vickrey (1969) bottleneck model to empirically measure the social cost of traffic congestion in the US. The author estimates extra travel time over and above hypothetical free-flow travel time, which is called “queuing time”, for each average commute trip. Our estimate implies that the annual social cost of congestion borne by all US commuters is 24 billion dollars. A higher level of congestion in a city may be attributed to a smaller per capita road stock in the city. This paper also empirically quantifies the optimal toll depending both on the commuter’s arrival time and residential location.

Language

  • English

Media Info

  • Media Type: Digital/other
  • Edition: Final Report
  • Features: Figures; References; Tables;
  • Pagination: 52p

Subject/Index Terms

Filing Info

  • Accession Number: 01698670
  • Record Type: Publication
  • Report/Paper Numbers: METRANS Project 17-14
  • Files: BTRIS, UTC, TRIS, RITA, ATRI, USDOT
  • Created Date: Dec 24 2018 8:39AM