Alternate Route: Toward Efficient Urban Transportation

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Brookings Institution Press, 1 dec. 2010 - 126 pagina's
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Urban transportation problems abound across America, including jammed highways during rush-hours, deteriorating bus service, and strong pressures to build new rail systems. Most solutions attempt either to increase transportation capacity (by building more roads and expanding mass transit) or to manage existing capacity (through HOV restrictions, exclusive bus lanes, and employer-based policies such as flexible work hours). This book develops an alternative solution to urban transportation problems based on economic analysis, but well aware of the political constraints on policymakers. The authors estimate that efficient pricing and service policies could save more than $10 billion in annual net benefits over current practices, but argue that powerful, entrenched political and institutional forces will continue to thwart efficient economic solutions to improve urban transportation. They believe, however, that some form of privatization would likely improve social welfare more than an efficient public sector system. Facing fewer operating restrictions, greater economic incentives, and stronger competitive pressures, private suppliers could substantially improve the efficiency of urban operations and offer services that are more responsive to the needs of all types of travelers. The authors conclude that policymakers have bestowed huge benefits on the public by allowing the private sector to play a leading and unencumbered role in the provision of intercity transportation. Public officials should take the next step and allow the private sector to play a leading role in the provision of urban transportation.
  

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Inhoudsopgave

Introduction and Overview
1
The Urban Transit Operating and Institutional Environment
21
Travelers Preferences for Urban Transportation
29
The Economic Effects of NetBenefit Maximization
48
Sources of Inefficiencies
68
An Alternative Route Privatization
89
Conclusion
107
Average Automobile Speeds
109
Means for Modal Attributes by Commuting Distance
111
Parameter Estimates of Rail Attribute Equations
117
Sources of the Welfare Loss from Transit Based on Generalized Least Squares Estimation
121
Index
123
Copyright

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Over de auteur (2010)

Clifford Winston is a senior fellow in Economic Studies at the Brookings Institution. Among his previous books is Deregulation of Network Industries: What's Next? coedited with Sam Peltzman (AEI-Brookings, 2000). Chad Shirley is a graduate student at the University of California, Berkeley.

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