OPTIMAL CONGESTION CHARGES IN GENERAL EQUILIBRIUM

This paper examines two different social welfare maximization problems to determine the best investment and pricing strategies for highway systems experiencing congestion. One is structured to achieve the best social optimality; the other seeks for second-best solutions to better understand the effects of imposing congestion pricing on certain highway links in the system. Results from the best social optimal analysis suggest taxes on all elements of the highway system would result in better resource allocation; the second-best pricing strategy also suggests that uniform application of congestion tolls across the network produces the most desirable results.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/03861112
• Corporate Authors:

  International Association of Traffic and Safety Sciences

  6-20, Yaesu 2-chome, Chuo-ku
  Tokyo 104-0028,   Japan 
• Authors:
  • Moon, D J
  • Park, C H
• Publication Date: 2002

Language

• English

Media Info

• Features: Figures;
• Pagination: p. 45-57
• Serial:
  • IATSS Research
  • Volume: 26
  • Issue Number: 1
  • Publisher: International Association of Traffic and Safety Sciences
  • ISSN: 0386-1112

Subject/Index Terms

• TRT Terms: Congestion pricing; Level of service; Marginal costs; Optimization; Traffic congestion; User charges; Value of service pricing
• Subject Areas: Economics; Finance; Highways; Society;

Filing Info

• Accession Number: 00934523
• Record Type: Publication
• Source Agency: UC Berkeley Transportation Library
• Files: BTRIS, TRIS, ATRI
• Created Date: Dec 3 2002 12:00AM