Marginal Congestion Cost on a Dynamic Expressway Network

Mogens Fosgerau · Kenneth A. Small

6 citations0/0 files storedJournal of Transport Economics and Policy

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Transportation Planning and Optimization Traffic control and management Traffic Prediction and Management Techniques

Abstract

We formulate an empirical model of congestion for a series of sequential expressway links where queues may form and spill back. Its purpose is to disentangle the dynamic effect that a marginal vehicle has on the distribution of travel times experienced there and on connected links. We estimate a dynamic econometric model using unusually complete and accurate data from Danish motorways. We use the results to estimate the marginal external cost of adding a vehicle to a link's entry flow, finding it is highly influenced by the dynamic properties of the system of relationships between travel times and flows.

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References

1998Principle of marginal-cost pricing: how does it work in a general road network?1976Transportation and traffic engineering handbook 2005Estimating commuters’ “value of time” with noisy data: a multiple imputation approach 2013Road congestion and incident duration 2001An Integrated Dynamic Model of Road Traffic Congestion Based on Simple Car-Following Theory: Exploring Hypercongestion 1999Peak-Load Pricing of a Bottleneck with Traffic Jam

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