CONGESTION TOLL PRICING FOR PUBLIC TRANSPORT FACILITIES

ECONOMISTS, POLICY-MINDED ADMINISTRATORS, AND PLANNERS ARE TURNING INCREASINGLY TO CONGESTION TOLL PRICING AS A PRACTICAL AND EFFICIENT INSTRUMENT FOR SOLVING THE TRAFFIC CONGESTION PROBLEM. HOWEVER, IN THEIR ADVOCACY OF SHORT-RUN MARGINAL COST PRICING AS A REPLACEMENT FOR THE PRESENT METHOD OF ROADWAY PRICING (WHICH FOR THE PUBLIC HIGHWAY SYSTEM APPROXIMATES SHORT-RUN AVERAGE VARIABLE COST PRICING), ECONOMISTS AND OTHERS HAVE GENERALLY RELIED ON AN OVER SIMPLE THEORETICAL WORLD IN REACHING THEIR CONCLUSION ABOUT THE EFFICACY OF MARGINAL COST PRICING. RATHER THAN CONTEND THAT MARGINAL COST PRICING IS NOT THE BEST METHOD OF PRICING, THIS PAPER ARGUES THAT IT IS NOT YET CLEAR THAT MARGINAL COST PRICING IS BETTER THAN OUR PRESENT TYPE OF PRICING POLICY. /AUTHOR/

Media Info

  • Media Type: Print
  • Features: Figures; References;
  • Pagination: pp 20-31
  • Monograph Title: Costs and benefits of transportation planning
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00201928
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: Nov 9 1970 12:00AM