00201928

Component

http://onlinepubs.trb.org...s/hrr/1970/314/314-002.pdf

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/

Paper sponsored by Committee on Highway Engineering Economy and presented at the 49th Annual Meeting. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.

01410253

pp 20-31

1970

Highway Research Record

Print

Figures (7) ; References (11)

Economic impacts; Public passenger vehicles; Public transit; Traffic congestion

Transit vehicles

Economics; Highways; Public Transportation; Society

TRIS, TRB

Nov 9 1970 12:00AM

• A GENERAL-PURPOSE MODEL FOR MOTOR VEHICLE OPERATING COSTS
• A MODEL FOR HIGHWAY NEEDS EVALUATION
• A PROPOSED METHOD OF REGULATING VEHICLE WEIGHTS IN ONTARIO
• AN APPROACH TO THE ECONOMIC EVALUATION OF URBAN TRANSPORTATION INVESTMENTS
• AN INVESTMENT APPROACH TOWARD DEVELOPING PRIORITIES IN TRANSPORTATION PLANNING
• DODOTRANS I: A DECISION-ORIENTED COMPUTER LANGUAGE FOR ANALYSIS OF MULTIMODE TRANSPORTATION SYSTEMS
• EVALUATION OF A BUS TRANSIT SYSTEM IN A SELECTED URBAN AREA
• PROBLEMS, MISCONCEPTIONS, AND ERRORS IN BENEFIT-COST ANALYSES OF TRANSIT SYSTEMS
• THE VALUE OF TIME FOR COMMUTING MOTORISTS AS A FUNCTION OF THEIR INCOME LEVEL AND AMOUNT OF TIME SAVED
• USER BENEFITS IN ECONOMIC ANALYSIS OF METROPOLITAN FREEWAY CONSTRUCTION
• VEHICLE CHARACTERISTICS OF FUEL AND TRAVEL TIME ON URBAN ARTERIALS AND FREEWAYS