AN ESTIMATION OF EFFICIENT TIME-VARYING TOLLS FOR CROSS HARBOR TUNNELS IN HONG KONG

Timothy D. Hau (), Becky P. Y. Loo (), K. I. Wong () and S. C. Wong ()
Additional contact information
Timothy D. Hau: School of Economics and Finance, University of Hong Kong, Pokfulam Road, Hong Kong
Becky P. Y. Loo: Department of Geography, University of Hong Kong, Pokfulam Road, Hong Kong
K. I. Wong: Department of Transportation Technology & Management, National Chiao Tung University 1001 Ta Hsueh Road, Hsinchu, 30010, Taiwan
S. C. Wong: Department of Civil Engineering, University of Hong Kong, Pokfulam Road, Hong Kong

The Singapore Economic Review (SER), 2011, vol. 56, issue 04, 467-488

Abstract: This work estimates the distribution of a time-varying toll over a 24-hour period that minimizes the combined queue length of the three tunnels that traverse Hong Kong's Victoria Harbour, taking into account institutional constraints. Our results reveal that switching from a flat toll to a time-varying toll scheme would eliminate all existing tunnel queues. We argue that optimal tunnel tolling, coupled with the nonstop electronic toll collection mechanism already in place, could be the first step toward the implementation of electronic road pricing in Hong Kong. Optimal tolling would obviate the need to build a fourth harbor crossing in the near future.

Keywords: Congestion; congestion pricing; time-varying toll; R41; R48 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0217590811004432
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:serxxx:v:56:y:2011:i:04:n:s0217590811004432

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0217590811004432

Access Statistics for this article

The Singapore Economic Review (SER) is currently edited by Euston Quah

More articles in The Singapore Economic Review (SER) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().