Economics: Pricing, Demand, and Economic Efficiency - A Primer

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Table of Contents

• The Primer Series and the Purpose of This Volume
• Introduction
  
• Basic Economic Concepts: Highway Supply and Demand
  • The Cost of Travel
  • The Demand for Highway Travel
  • The Supply Side
  • Market Equilibrium
• Pricing and Economic Efficiency
  • Congestion Externalities and Economic Efficiency
  • Efficient Pricing
  • Variability in Demand and Pricing
  • Congestion Pricing and Other Externalities
  • Toll-Collection Costs and the Role of Technology
• Forms of Congestion Pricing
  • Individual and Corporate Actions
  • Government Incentives
• Priced Lanes: The Economics of Multi-Class Service
  • HOT Lanes
  • Benefits From Product Differentiation
  • Impacts on Capacity and Delay
• Empirical Estimates of Congestion Tolls
  
• References
  

For more information, contact:

Darren Timothy
Office of Innovative Program Delivery, HIN
Federal Highway Administration
U.S. Department of Transportation
1200 New Jersey Avenue, S.E.
Washington, DC 20590
Tel: 202-366-4051
E-mail: darren.timothy@dot.gov

Office of Transportation Management
Federal Highway Administration
U.S. Department of Transportation
1200 New Jersey Avenue, S.E.
Washington, DC 20590
Tel: 202-366-6726
www.ops.fhwa.dot.gov/siteindex.htm

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November 2008

FHWA-HOP-08-041