Financing Transportation Networks (transport Economics, Management, And Policy)
by David M. Levinson /
2002 / English / PDF
14.4 MB Download
Pollution, alternative fuels, congestion, intelligent
transportation systems, and the shift from construction to
maintenance all call for a reconsideration of the existing highway
revenue mechanisms, in particular the gas tax. David Levinson
explores the fundamental theoretical basis of highway finance, in
particular the use of tolls, and supports that theory with
empirical evidence. The author examines highway finance from the
perspective of individual juridsictions and travellers, and
consider their interactions, rather than specifying a single
optimal solution. Congestion pricing has long been a goal of
transportation economists, who believe it will result in a more
efficient use of resources. Levinson argues that if the governance
were to become more decentralized, and collection costs continue to
drop, tolls could return to prominance as the preferred means of
financing roads for both local and intercity travel. An approach
that creates the local winners necessary to implement road pricing
is required before it can be expected to become widespread.
Economists, civil engineers, planners, students and policymakers
should find this detailed examination of transportation networks
enlightening and useful.
Pollution, alternative fuels, congestion, intelligent
transportation systems, and the shift from construction to
maintenance all call for a reconsideration of the existing highway
revenue mechanisms, in particular the gas tax. David Levinson
explores the fundamental theoretical basis of highway finance, in
particular the use of tolls, and supports that theory with
empirical evidence. The author examines highway finance from the
perspective of individual juridsictions and travellers, and
consider their interactions, rather than specifying a single
optimal solution. Congestion pricing has long been a goal of
transportation economists, who believe it will result in a more
efficient use of resources. Levinson argues that if the governance
were to become more decentralized, and collection costs continue to
drop, tolls could return to prominance as the preferred means of
financing roads for both local and intercity travel. An approach
that creates the local winners necessary to implement road pricing
is required before it can be expected to become widespread.
Economists, civil engineers, planners, students and policymakers
should find this detailed examination of transportation networks
enlightening and useful.
