ON THE ECONOMICS OF ROAD CONGESTION

A MODEL IS PRESENTED IN WHICH (1) THE MARKET DEMAND FOR URBAN AUTOMOBILE TRAVEL IS A FUNCTION OF A TIME-PRICE AS WELL AS MONEY-PRICE AND (2) THE MARKET SUPPLY IS PRESENTED BY A FLOW FUNCTION THAT IS DERIVED FROM ASSUMED RELATIONSHIP BETWEEN TRAFFIC DENSITY AND AVERAGE SPEED. TWO QUALITATIVELY DIFFERENT TYPES OF TRAFFIC CONGESTION ARE IDENTIFIED. MARGINAL COST PRICING IN TERMS OF BOTH TIME AND MONEY TAXES IS PROPOSED AS AN EFFICIENT AND FEASIBLE MEANS OF CONTROLLING BOTH TYPES OF TRAFFIC CONGESTION. USING THE RESULTS OF EXISTING EMPIRICAL STUDIES, TAX SCHEDULES FOR THREE TYPES OF URBAN ROADS ARE COMPUTED. /AUTHOR/

  • Supplemental Notes:
    • Vol 32, No 1-2, PP 137-150, 2 FIG, 3 TAB, 13 REF
  • Corporate Authors:

    Econometrica

    ,    
  • Authors:
    • Johnson, M B
  • Publication Date: 0

Subject/Index Terms

Filing Info

  • Accession Number: 00201390
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jan 11 1971 12:00AM