Economics and Finance

The increasing reliance on transportation network companies (TNCs) and delivery services has transformed the use of curb space. The curb space is also an important interface for bikeways, bus lanes, street vendors, and paratransit stops for passengers with disabilities. These various demands are contributing to a lack of parking, resulting in illegal and double-parking and excessive cruising for spaces and causing traffic disturbance, congestion, and hazardous situations. How cities manage this public asset to support safety and the local economy relies on first understanding the usage...

Economists have long argued in favor of congestion pricing, under which drivers pay a fee or toll to enter roadways during peak times. An increasing number of global cities have adopted or are considering pricing programs. Even so, these regimes remain relatively rare and controversial. One key concern with congestion pricing is fairness. Road pricing can pose a substantial burden for low-income drivers, many of whom have little option to avoid travel during peak times and limited opportunity to choose other modes of travel. Prior research has shown that congestion pricing regimes tend to...

In this brief, we explore what might happen were SB 50 to pass by taking a detailed look at local market conditions in four case study neighborhoods. Local context shapes financial and physical feasibility. When SB 827, the predecessor to SB 50, was under consideration, estimates of its impact on new housing supply were optimistic. Yet, most of these estimates focused on aggregate development potential and did not consider the on-the-ground reality of other zoning provisions that may influence development, what types of projects might pencil out, or what the existing stock looks like.

We obtain confidence intervals for willingness-to-pay (WTP) measures derived from a mode choice model estimated to analyse travel demand for suburban trips in the two main interurban corridors in Gran Canaria island, using a mixed RP/SP data base. We considered a specification of the systematic utility that incorporates income effect and interactions among socioeconomic variables and level-of-service attributes, as well as between travel cost and frequency. As our model provides rather complex expressions of the marginal utilities, we simulated the distribution of the WTP (in general,...