CONGESTION THEORY AND TRANSPORT INVESTMENT

Investment in transit facilities necessarily begins by being largely investment in the provision of new routes or new services under conditions of substantial indivisibilities and increasing returns to scale. Under these conditions the usual profitability tests for determining the desirability of specific investments lead generally to under- rather than to over-investment in transit facilities. As investment proceeds, however, larger and larger proportions of transportation investment are made primarily to relieve congestion on existing routes and to expand overall capacity. This paper discusses the investment designed to relieve congestion. For purposes of economic analysis it is useful to distinguish at least six types of congested situations, which are: simple interaction, multiple interaction, bottleneck, triggerneck, network and control, and general density.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/1852781866
• Corporate Authors:

  Edward Elgar Publishing Limited

  Gower House, Croft Road, Aldershot
  Hants GU11 3HR,   England 
• Authors:
  • Vickrey, W S
• Publication Date: 1994

Language

• English

Media Info

• Features: Tables;
• Pagination: p. 353-362
• Serial:
  • ECONOMICS OF TRANSPORT
  • Volume: 1
  • Issue Number: 8
  • Publisher: Edward Elgar Publishing Limited

Subject/Index Terms

• TRT Terms: Benefit cost analysis; Finance; Investments; Traffic congestion; Transportation; Transportation buildings
• Uncontrolled Terms: Congestion; Transportation facilities
• Subject Areas: Finance; Transportation (General);

Filing Info

• Accession Number: 00740446
• Record Type: Publication
• ISBN: 1852781866
• Files: TRIS
• Created Date: Sep 23 1997 12:00AM