AN ECO-ENGINEERING MATHEMATICAL MODEL FOR THE TRAFFIC CONGESTION FEE

Malik Beshir Malik () and Mustafa Babiker ()
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Malik Beshir Malik: Department of Mathematics and Computer Science, University of Maryland Eastern Shore, Princess Anne, MD 21853, USA
Mustafa Babiker: Saudi Aramco, P. O. Box 5000, Dhahran 31311, Saudi Arabia

The Singapore Economic Review (SER), 2010, vol. 55, issue 03, 575-583

Abstract: Traffic congestion is becoming a problem all over the world and physical expansion of road networks is becoming not the best option due to cost and other reasons. This paper considers the option of a congestion pricing model and explains its rationale and parametric estimation. The case of a city is studied to reflect on the potential of data collection mechanisms and public participation and awareness.

Keywords: Simulation; traffic congestion pricing; social marginal cost; eco-engineering model; flow speed elasticity; Intelligent Vehicle Highway Systems; C31 (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1142/S0217590810003900

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