An analysis of the welfare loss due to the non-application of peak-load pricing to the South Luzon Expressway

Date of Publication

2006

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Arts Major in Economics

Subject Categories

Economics

College

Ramon V. Del Rosario College of Business

Department/Unit

Economics

Defense Panel Chair

Paulynne Castillo

Defense Panel Member

Roberto Raymundo
Joel Tanchuco

Abstract/Summary

This paper measures the welfare losses due to the Non-Application of Peak-Load pricing to the South Luzon Expressway (SLEX). An econometric model was developed to estimate the cost of providing the throughput of the expressway to given amount of traffic volume, using traffic volume and CPI (as representative of inflation) as independent variables. The authors used time series data in the regression. Using estimated demand data as well as a marginal cost function derived from the estimated total cost function the authors were able to compute for an estimated optimal toll rate and after comparing this with the current toll rate used on the SLEX and estimating the amount of welfare loss it is recommended that Peak-Load pricing be applied to the SLEX.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU14199

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

54 leaves: ill. (some col.); 28 cm.

Keywords

Express highways -- Rates -- Peak load pricing; Express highways -- Philippines; Peak load -- Economic aspects

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