01023480

Component

This paper describes how tolls on high-occupancy toll (HOT) lanes and other tolled facilities are often set via an iterative process of modelling and intuition, without a clear framework for organizing agency goals and determining a pricing policy to meet those goals. This process has functioned adequately because most legacy tolling projects have had relatively simple structures and goals. However, as increasingly sophisticated tools are used for tolling (such as dynamic pricing) and pricing projects are used to achieve increasingly sophisticated objectives (such as congestion management), a more comprehensive framework for arriving at an appropriate toll price is required. This paper proposes a relatively simple analytic framework for understanding the tradeoffs between disjoint agency objectives (debt service, system management) and maps these objectives to appropriate pricing structures on tolled facilities.

01020180

06-0335

English

9p

2006

Transportation Research Board 85th Annual Meeting

CD-ROM

Figures

Congestion management systems; Congestion pricing; Debt; High occupancy toll lanes; Policy making; Policy, legislation and regulation; Pricing; Toll collection; Toll facilities; Traffic congestion

Administration and Management; Design; Highways; Planning and Forecasting; Policy; Terminals and Facilities; I10: Economics and Administration

Transportation Research Board Annual Meeting 2006 Paper #06-0335

TRIS, TRB

Mar 3 2006 10:19AM