Marginal congestion cost on a dynamic expressway network
Author: Mogens Fosgerau and Kenneth A. Small
Source: Journal of Transport Economics and Policy (JTEP)
Publisher: Journal of Transport Economics and Policy
Abstract:
We formulate an empirical model of congestion for a series of sequential expressway links where queues may form and spill back from one link to another. Its purpose is to disentangle the dynamic effect that a marginal vehicle, on a given link and at a given time, 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, which include speed as measured by timed license-plate matches. We use the results to estimate the marginal external cost of adding a vehicle to a link's entry flow, finding that it is highly influenced by the dynamic properties of the system of relationships between travel times and flows.Document Type:
Appeared or available online: September 6, 2011

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