Title

Integrated Modeling Framework For Leasing Urban Roads: A Case Study Of Fresno, California

Keywords

California; Fresno; Ownership structure; Privatization; Public-private partnership; Urban road networks

Abstract

Increasing private sector involvement in transportation services has significant implications for the management of road networks. This paper examines a concession model's effects on a road network in the mid-sized city of Fresno, California. Using the existing transportation planning models of Fresno, we examine the effects of privatization on a number of typical system performance measures including total travel time and vehicle miles traveled (VMT), the possibility of including arterials, and the differences between social cost prices and profit maximizing prices. Some interesting insights emerge from our analysis: (1) roads cannot be considered as isolated elements in a concession model for a road network; (2) roads can function as complements at some levels of demand and become substitutes at other levels; (3) policy makers/officials should consider privatizing/pricing arterials along with privatizing highways; (4) temporally flexible but limited price schedule regulations should be part of leasing agreements; and (5) non-restricted pricing may actually worsen system performance, while limited pricing can raise enormous profits as well as improve system performance. © 2012 Elsevier Ltd.

Publication Date

1-1-2013

Publication Title

Transportation Research Part B: Methodological

Volume

48

Number of Pages

17-30

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1016/j.trb.2012.10.005

Socpus ID

84871670879 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/84871670879

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