A STRATEGIC REVIEW OF THE DEMAND IMPLICATIONS OF ALTERNATIVE TRANSPORT POLICIES FOR LONDON

The paper describes concepts related to the travel market generalised cost equilibrium for congested urban situations, focusing in particular on the balance between public and private transport costs. It goes on to discuss an aggregate equilibrium model embodying these concepts for the radial London travel market. The model is based on data available from Government and London Transport sources. The model is simple to run, and can be used to explore a wide range of alternative broad transport policies. Indicative results are given for the estimated reduction in travel costs that would be achieved by moving to a social travel optimum, rather than the current user optimum. Outline results are also given for the difference in travel costs between an equilibrium achieved using road pricing alone to reduce highway congestion, as compared to one where a combination of road pricing and public transport subsidy is employed. These show that given the model assumptions, a policy based on road pricing alone is much less effective in reducing travel costs than a policy combining road pricing and public transport subsidy, for both private and public modes. (A) For the covering abstract see IRRD 863439.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/0860502570
• Corporate Authors:

  PTRC Education and Research Services Limited

  Glenthorne House, Hammersmith Grove
  London W6OL9,   England 
• Authors:
  • MOGRIDGE, M
  • ABRAHAM, H
  • Maroney, O
• Conference:
  • TRANSPORT POLICY AND ITS IMPLEMENTATION. PROCEEDINGS OF SEMINAR F HELD AT THE PTRC EUROPEAN TRANSPORT, HIGHWAYS AND PLANNING 21ST SUMMER ANNUAL MEETING (SEPTEMBER 13-17, 1993), UMIST. VOLUME P368
• Publication Date: 1993

Language

• English

Media Info

• Features: References;
• Pagination: p. 77-89

Subject/Index Terms

• TRT Terms: Conferences; Demand; Policy; Road pricing; Transportation; Urban areas
• Subject Areas: Policy; Transportation (General);

Filing Info

• Accession Number: 00662288
• Record Type: Publication
• Source Agency: Transport Research Laboratory
• ISBN: 0-86050-257-0
• Files: ITRD, ATRI
• Created Date: Jul 28 1994 12:00AM