California Partners for Advanced Transportation Technology
Evaluation Framework For Commercial Vehicle Responses To Congestion Pricing
- Author(s): Wachs, Martin
- Kawamura, Kazuya
- et al.
This report presents a short-run framework for analyzing the impacts of congestion pricing on commercial vehicles. The framework is based on microeconomics principles and past theoretical studies of congestion pricing. The relationship between value of time and the welfare gain/loss induced by using congestion pricing is identified. The social cost function and empirical demand and supply functions are also discussed.