Skip to main content

Market Failures: the Case for Road Congestion Externalities

  • Chapter
Book cover Essays on Microeconomics and Industrial Organisation

Part of the book series: Contributions to Economics ((CE))

Abstract

The study of the external effects on the different economic sectors and branches has experienced a spectacular boom during the past decades within the framework of the Economic Analysis. This interest has become especially strong in the field of transport, in which we only have to go over the economic literature of the past years in order to find the large number of studies, research works and papers dealing with this topic.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 39.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Baumol, W. J. and Oates, W. E.: Economics, Environmental Policy and the Quality of Life, Englewood Cliffs. NJ: Prentice-Hall 1988

    Google Scholar 

  • Button, K. J.: Transport Economics. Gower, Aldershot 1986

    Google Scholar 

  • Carbajo, C. J.: El coste social de los accidentes de carretera y la contaminatión del aire. Investigaciones Económicas, Vol. XV,no 2, 269–283 (1991)

    Google Scholar 

  • Coase, R. H.: The problem of social cost. Journal of Law and Economics 3, 1–44 (1960)

    Article  Google Scholar 

  • Coto-Millán, P., Baños-Pino, J. and Inglada, V.: Marshallian demands of intercity passenger transport in Spain: 1980–1992: an economic analysis. Transportation Research E (Logistics and Transportation Review),Vol. 33,2, 79–96 (1997)

    Article  Google Scholar 

  • De Borger, B. and Swysen, D.: Optimal pricing and regulation of transport externalities: a welfare comparison of some policy alternatives. In: Environment and Transport Modelling, 10–39 chapter 2, Roberto Roson and Kenneth Small publishers. Kluwer Academic Publishers. London, Great Britain 1998

    Google Scholar 

  • Decorla-Souza, P. and Kane, A. R.: Peak period tolls: precepts and prospects. Transportation, Vol. 19,n. 4, 293–311 (1992)

    Article  Google Scholar 

  • ECMT: Efficient transport for Europe, policies for internalisation of external costs. OECD, Paris 1998

    Google Scholar 

  • Evans, A. W.: Road congestion pricing: when is it a good policy?. Journal of Transport Economics and Policy 26, 213–243 (1992)

    Google Scholar 

  • Gastaldi, M. et al.:Valuation of environmental externalities: from theory to decision making. Transportation Planning and Technology, Vol 19, 207–219 (1996)

    Article  Google Scholar 

  • Greenwald, B. C. and Stiglitz, J. E.: Externalities in economic with Imperfect Information and incomplete markets. Quarterly Journal of Economics, 228–264 (1988)

    Google Scholar 

  • Gomez Ibañez, J. A. and Okeeffe, M. M.: The benefits from improved investment rules: a case study of the Interestate Highway System. Report for the U.S. Department of Transportation, Washington 1985

    Google Scholar 

  • Hau, T.D.: Economic fundamentals of road pricing: a diagrammatic analysis. The World Bank, Washington 1991

    Google Scholar 

  • Hau, T.D.: Congestion pricing and road investment, 39–79. In: Button, K. J. and Verhoef, E. (ed.): Road pricing, traffic congestion and the environment: issues of efficiency and social feasibility. Cheltenham: Edward Elgar 1998

    Google Scholar 

  • INFRAS/IWW: External Effects of Transport. Study carried out for the UIC, Paris 1994

    Google Scholar 

  • INFRAS/IWW: External Costs of Transport. Study carried out for the UIC (International Railway Union), Paris 2000

    Google Scholar 

  • Janson, J. O.: Government and transport infrastructure. In: Polak, J. and Heertje, A. (editors): European Transport Economics. CEMT/Blackwell 1993

    Google Scholar 

  • Johansson-Stenman, O. and Sterner, T.: What is the scope for environmental road pricing?, 150-171. In: Button, K. J. and Verhoef, E. (ed.): Road Pricing, Traffic Congestion and the Environment: Issues of Efficiency and Social Feasibility. Cheltenham: Edward Elgar 1998

    Google Scholar 

  • Kraus, M., Mohring, H., and Pinfold, T.: The welfare costs of non optimum pricing and investment policies for freeway transportation. The American_Economic Review, Vol. 66,no 4, September, 532–547 (1976)

    Google Scholar 

  • Lee, D.: Uses and meanings of full social costs estimates. In: Greene, D. L., Jones, D. W. and Delucchi, M. A. (eds.): The Full Costs and Benefits of Transportation: Contributions to Theory, Method and Measurement, 113–148. Springer Verlag, Berlin Heidelberg 1997

    Chapter  Google Scholar 

  • Levinson, D. M. and Gillen, D.: The full cost of intercity highway transportation. Transportation Research D Vol. 3,no 4, 207–223 (1998)

    Article  Google Scholar 

  • Mohring, H.: Transportation Economics. Cambridge, Massachusetts: Ballinger 1976

    Google Scholar 

  • MOPT: Manual de Evaluación de Inversiones en Ferrocarriles. Ministry of Transport and Public Works, Madrid 1991

    Google Scholar 

  • Nash, C: Transport externalities: does monetary valuation make sense? In: De Rus, G. and Nash, C. (eds.): Recent Development in Transport Economics, chapter 7, 232, 255. Ashgate, Aldershot 1997

    Google Scholar 

  • Newbery, D. M.: Pricing and congestion: economic principles relevant to pricing roads. Oxford Review of Economic Policy, vol. 6,no 2 (1990)

    Google Scholar 

  • Newbery, D. M.: The case for a Public Road Authority. Journal of Transport Economics and Policy 28, September, 235–250 (1994)

    Google Scholar 

  • Prud’homme, R.,: Road Congestion Costs in the Paris Area. 8TH World Conference on Transport Research, Antwerp 1998

    Google Scholar 

  • Rothengatter, W.: Externalities of Transport In: Polak, J. and Heertje, A. (editors): European Transport Economics. CEMT/Blackwell 1993

    Google Scholar 

  • Rothengatter, W.: Do external benefits compensate for external costs of transport?. Transportation Research-A, Vol. 28A,no 4, 321–328 (1994)

    Google Scholar 

  • Shah, A. M.,: Optimal pricing of traffic externalities: theory and measurement. International Journal of Transport Economics, Vol. XVII,no 1, February, 3–19 (1990)

    Google Scholar 

  • TRB: Highway Capacity Manual. Special Report 209. Transportation Research Board, Washington D.C. 1985

    Google Scholar 

  • UNITE:Unification of Accounts and Marginal Costs for Transport Efficiency. V European Framework Program 2000

    Google Scholar 

  • Varian, H.: Microeconomic Analysis, 3r d edition. Norton & Company 1992

    Google Scholar 

  • Verhoef, E.: External effects and social costs of road transport. Transportation Research-A, Vol. 28A,no4, 273–287(1994)

    Google Scholar 

  • Vicrey, W.: Some Implications of marginal cost pricing for public utilities. American Economic Review 45, 605–620(1955)

    Google Scholar 

  • Vicrey, W.: The fallacy of using long-run costs for peak load pricing. Quaterly Journal Economics, no 100, 1331–1334 (1985)

    Article  Google Scholar 

  • Walters, A. A.: The theory and measurement of private and social cost of highway congestion. Econometrica, October, vol. 29,no. 4, 676–699 (1961)

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2004 Springer-Verlag Berlin Heidelberg

About this chapter

Cite this chapter

Inglada-López de Sabando, V., Coto-Millán, P. (2004). Market Failures: the Case for Road Congestion Externalities. In: Coto-Millán, P. (eds) Essays on Microeconomics and Industrial Organisation. Contributions to Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-7908-2670-8_23

Download citation

  • DOI: https://doi.org/10.1007/978-3-7908-2670-8_23

  • Publisher Name: Physica, Heidelberg

  • Print ISBN: 978-3-7908-0104-0

  • Online ISBN: 978-3-7908-2670-8

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics