AN APPLICATION OF ECONOMIC THEORY TO HIGHWAY FINANCE AND PLANNING

THE USE OF CLASSIC ECONOMIC THEORY IS PROPOSED AS THE BEST GUIDE TO ALLOCATION OF RESOURCES IN PLANNING A TRANSPORTATION SYSTEM. A PRICING POLICY, BASED UPON A "COST OCCASIONED" CONCEPT, ALLOWS EXPENDITURES FOR ROADS TO BE CONTROLLED BY DEMAND, AS REFLECTED BY REVENUES. CERTAIN CONCLUSIONS FOLLOW FROM SUCH A COST-PRICE-DEMAND RELATIONSHIP. THEY SHOULD HAVE A PRACTICAL BEARING ON THE DETERMINATION OF HIGHWAY DEFICIENCIES, HIGHWAY PLANNING AND PROGRAMMING, METHODS OF ALLOCATING ROAD AND STREET COSTS, AND SELECTION AND ESTABLISHMENT OF MOTOR VEHICLE USER IMPOSTS. SUCH A THEORETICAL APPROACH MUST NECESSARILY BE MODIFIED FOR USE IN PRACTICAL PROBLEMS.

  • Supplemental Notes:
    • Vol 36, pp 24-32, 1 FIG, 5 REF
  • Authors:
    • Campbell, G D
  • Publication Date: 1957

Media Info

  • Monograph Title: Proceedings of the Thirty-Sixth Annual Meeting of the Highway Research Board, Washington, D.C., January 7-11, 1957
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00201981
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: May 22 1972 12:00AM