Impact of Value of Time (VOT) on toll roads

Omid M. Rouhani ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper provides a brief overview of the concept of value of time (VOT), in the context of toll road schemes. VOT analysis determines the tradeoffs travelers make between time and tolls. The analysis is very important when considering the choice between tolled and un-tolled alternatives. Using travel demand model of Fresno, CA, I provide a sensitivity analysis showing how the outcomes of tolling schemes can change with varying VOT levels.

Keywords: Value of time; Road pricing; Congestion pricing; Optimal toll; Profits; System-wide costs. (search for similar items in EconPapers)
JEL-codes: H4 R4 R41 R42 R48 (search for similar items in EconPapers)
Date: 2015-06-16
New Economics Papers: this item is included in nep-ore, nep-tre and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:65087

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