Road Work: A New Highway Pricing and Investment Policy (Google eBook)

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Brookings Institution Press - Technology & Engineering - 128 pages
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Examines the financial policies for road maintenance and repair, and proposes a comprehensive highway pricing and investment policy to meet the goals of efficiency, equity, and financial stability
  

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Contents

Introduction
1
Historical Overview
3
Highway Interests
5
Making Policy for the Future
7
Road Pricing and Investment
9
MarginalCost User Charges
10
Optimal Investment
13
Formulas for RoadWear Costs
14
Weight Limits
75
Conclusion
78
Congestion and Highway Capacity
80
Why the Experts Have Given Up
84
Economic Utopia Political Dystopia
86
A Revisionist View of Congestion Pricing
88
The Impact of Congestion Pricing
93
Conclusion
98

Pavement Technology
18
Conclusion
21
Appendix
22
Pavement Wear and Road Durability
37
Demand Component
44
Findings
52
Sensitivity of Findings
60
Conclusion
62
Simplifying Policy Administration
69
Simple Pricing Rules
71
Simple Investment Rules
74
Effects on Highway Finance
99
Returns to Scale and Budget Balance
100
A Model of Multiproduct Returns to Scale
102
Results
106
Conclusion
112
A New Highway Policy
114
Congestion Charges and Investment in Capacity
118
Managing the Transition
120
Conclusion
122
Index
125
Copyright

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