This paper discusses the key findings of a research project aimed at assessing the behavioral impacts of the time-of-day pricing implementation on the New Jersey Turnpike. Analysis of data collected by the authors, including behavioral and travel patterns before and after the time-of-day pricing initiative, revealed the following: ( a) about 7.0% of individual drivers (6.6% of car trips) changed behavior as a consequence of the time-of-day pricing initiative, which translated into market elasticities for toll changes of –0.398 with the number of individuals used as the unit of demand and of –0.545 with the number of trips per month used; ( b) users responded to time-of-day pricing by implementing multidimensional strategies, including changes in facility usage, time of travel, productivity of car travel, and mode or occupancy; ( c) users traveling relatively shorter distances exhibited more elastic behavior than those traveling long distances; and ( d) only around 5% had more than one-half hour of flexibility and traveled during peak hours (they could be the target of the time-of-day pricing initiative because of the flexibility to shift to off-peak periods).
New Jersey Turnpike Time-of-Day Pricing Initiative's Behavioral Impacts
Observed Role of Travel Distance on Underlying Elasticities
Transportation Research Record: Journal of the Transportation Research Board
Transportation Research Record: Journal of the Transportation Research Board ; 2010 , 1 ; 53-61
2007-01-01
Article (Journal)
Electronic Resource
English
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