Essays on Transport Economics (Contributions to Economics) by Pablo Coto-Millan, Vicente Inglada

By Pablo Coto-Millan, Vicente Inglada

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For example, let sF be the maximum free flow speed attainable on a road link, and si be the actual speed achieved by a user i. When si = sF, we can say Gi = G. When si < sF, we can say Gi < G. ) is a monotonic increasing function with initial value h(1)=1. Combining Eq. 31) Eq. 31 can then be ‘calibrated’ from the empirical speed-density information23. 23 Seen in this way, equation (31) is an empirical specification of equation (5) which is estimated or ‘calibrated’ based on the speed-density relationship.

34) or Ta ! , Ta = IJasa where sa is the speed along link a and IJa ҏis the toll rate (expressed as dollars per unit of speed achievable within link a). Eqs. 35 can be rewritten as: W a sa  lva (1 / sb  1 / sa ) or va ! 36a) W a sa ! 36b) where l is the length of the links (assumed to be the same). Given the distribution of users according to their values of time savings v as given by Eq. 21, and the speed-density relationships as defined by Eq. 37) with the values of sa and sb - and hence the corresponding values of na and nb determined via Eq.

Selected Papers). Transport Modelling/Assessment Vol. 3: 161-170. Pergamon. Coto-Millán P, Carrera-Gomez G, Inglada V, Pesquera MA (2005) Promoting Competence in Regulates Market: The Case of Spanish Transports. The Annals of Regional Science 39, 1: 73-84. Coto-Millán, P, Inglada, V, Rey, B (2006) Effects of Network Economies in High Speed Rail: The Spanish Case. The Annals of Regional Science (forthcoming). DeSerpa A (1971) A Theory of the Economics of Time. The Economic Journal 81: 828846. Domencich T, McFadden D (1975) Urban Travel Demand: a Behavioral Analysis.

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