Pollution, alternative fuels, congestion, intelligent transportation systems, and the shift from construction to maintenance all call for a reconsideration of the existing highway revenue mechanisms, in particular the gas tax. David Levinson explores the fundamental theoretical basis of highway finance, in particular the use of tolls, and supports that theory with empirical evidence. The author examines highway finance from the perspective of individual juridsictions and travellers, and consider their interactions, rather than specifying a single optimal solution. Congestion pricing has long been a goal of transportation economists, who believe it will result in a more efficient use of resources. Levinson argues that if the governance were to become more decentralized, and collection costs continue to drop, tolls could return to prominance as the preferred means of financing roads for both local and intercity travel. An approach that creates the local winners necessary to implement road pricing is required before it can be expected to become widespread. Economists, civil engineers, planners, students and policymakers should find this detailed examination of transportation networks enlightening and useful.
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About the Author
David M. Levinson, Assistant Professor of Civil Engineering, University of Minnesota
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I hold the RP Braun/CTS Chair in Transportation at the Department of Civil Engineering at the University of Minnesota and director of the Networks, Economics, and Urban Systems (NEXUS) research group.
In January 2005 I was awarded the CUTC/ARTBA New Faculty Award. I earned a Ph.D in Transportation Engineering at U.C. Berkeley in 1998. My dissertation "On Whom the Toll Falls", argues that local decision making about managing and financing roads will be more likely to lead to direct road pricing, which will allow the efficient allocation of scarce road resources (and thus reduce congestion). I have conducted research into travel behavior. I received the 1995 Tiebout Prize in Regional Science for my paper "Location, Relocation, and the Journey to Work". From 1989 to 1994, I worked as a transportation planner, developing integrated transportation - land use models used in Montgomery County, Maryland and applying those models for multimodal network planning and for growth management.
In January 2005 I was awarded the CUTC/ARTBA New Faculty Award. I earned a Ph.D in Transportation Engineering at U.C. Berkeley in 1998. My dissertation "On Whom the Toll Falls", argues that local decision making about managing and financing roads will be more likely to lead to direct road pricing, which will allow the efficient allocation of scarce road resources (and thus reduce congestion). I have conducted research into travel behavior. I received the 1995 Tiebout Prize in Regional Science for my paper "Location, Relocation, and the Journey to Work". From 1989 to 1994, I worked as a transportation planner, developing integrated transportation - land use models used in Montgomery County, Maryland and applying those models for multimodal network planning and for growth management.
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This review is from: Financing Transportation Networks (Transport Economics, Management, and Policy) (Hardcover)
Table of ContentsAcknowledgements i 1 Introduction 1 2 History 13 3 Costs 40 4 Revenues 70 5 Hierarchy 82 6 Intertemporal Equity 96 7 Finance Choice on a Beltway 110 8 Finance Choice on an Interstate 121 9 Finance Choice at a Frontier 147 10 Congestion Pricing 161 11 Compensation 172 12 Technology 186 13 Conclusions 202 Bibliography 215 Index 228 A book review of Financing Transportation Networks was published in Annals of Regional Science 38: 563 - 565, by Odd Stalebrink
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