1 option
The Fundamental Law of Road Congestion: Evidence from US cities / Gilles Duranton, Matthew A. Turner.
- Format:
- Book
- Author/Creator:
- Duranton, Gilles.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w15376.
- NBER working paper series no. w15376
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- The Fundamental Law of Road Congestion
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2009.
- Summary:
- We investigate the relationship between interstate highways and highway vehicle kilometers traveled (VKT) in US cities. We find that VKT increases proportionately to highways and identify three important sources for this extra VKT: an increase in driving by current residents; an increase in transportation intensive production activity; and an inflow of new residents. The provision of public transportation has no impact on VKT. We also estimate the aggregate city level demand for VKT and find it to be very elastic. We conclude that an increased provision of roads or public transit is unlikely to relieve congestion.
- Notes:
- Print version record
- September 2009.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.