Archives

Categories

Daft proposals for Melbourne’s transport woes

The Sunday Age today presents a proposed ‘transport revolution’ for Melbourne prepared by Monash University’s Professor Graham Currie – a ‘transport expert’.  The plan recognizes that expanding road supply is not a major sensible option in the face of Melbourne’s ballooning congestion problems and instead argues for creating a ‘road hierarchy’ that gives pedestrians, cars, [...]

Estimating instantaneous traffic congestion costs

In commenting on an earlier thread Paul H cited a graphic showing how the Chinese know what the short-run travel times are in a vast city like Beijing.  It is apparently based on the (real time) travel times of 10,000 taxis in the city. It provides a guide to instantaneous marginal congestion costs based on information from GPS [...]

Parking economics

In many Australian cities an attempt has been made to regulate levels of parking by controlling levels of on- and off-street parking.  The dominant trend has been to heavily restrict on-street parking but to keep that which is available priced at relatively low levels. The resulting excess demands are rationed primarily by restrictions on the [...]

Traffic congestion externalities

Road use congestion costs arise because travellers do not consider the impact of their travel decisions on the travel times of other road users. This creates what is the most significant externality associated with road travel. For the UK congestion is estimated by Samsom et al. (2001) to provide between 75-84 per cent of total [...]