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Measuring the Cost of Congestion in Highly Congested City: Bogotá

dc.contributor.authorAkbar, Prottoy
dc.contributor.authorDuranton, Gilles
dc.coverage.spatialColombiaes_ES
dc.date.accessioned2017-04-21T14:34:20Z
dc.date.available2017-04-21T14:34:20Z
dc.date.issued2017-04
dc.identifier.citationAkbar, P., & Duranton, G. (2017, April). Measuring the Cost of Congestion in Highly Congested City: Bogotá. CAF – Working paper;N° 2017/04, Buenos Aires: CAF. Retrieved from https://scioteca.caf.com/handle/123456789/1028en_GB
dc.identifier.urihttps://scioteca.caf.com/handle/123456789/1028
dc.description.tableofcontentsWe provide a novel approach to estimate the deadweight loss of congestion. We implement it for road travel in the city of Bogotá using information from a travel survey and counterfactual travel data generated from Google Maps. For the supply of travel, we find that the elasticity of the time cost of travel per unit of distance with respect to the number of travelers is on average about 0.06. It is close to zero at low levels of traffic, then reaches a maximum magnitude of about 0.20 as traffic builds up and becomes small again at high levels of traffic. This finding is in sharp contrast with extant results for specific road segments. We explain it by the existence of local streets which remain relatively uncongested and put a floor on the time cost of travel. On the demand side, we estimate an elasticity of the number of travelers with respect to the time cost of travel of 0.40. Although road travel is costly in Bogotá, these findings imply a small daily deadweight loss from congestion, equal to less than 1% of a day’s wage.es_ES
dc.language.isoenes_ES
dc.publisherCAFes_ES
dc.relation.ispartofseriesCAF – Working paper;N° 2017/04
dc.rightsCC-BY-NCes_ES
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/es_ES
dc.subjectCiudadeses_ES
dc.subjectInvestigación socioeconómicaes_ES
dc.subjectTransportees_ES
dc.titleMeasuring the Cost of Congestion in Highly Congested City: Bogotáes_ES
dc.typeworkingPaperes_ES
dc.publisher.cityBuenos Aireses_ES


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