Using Payment Innovations to Improve Transportation Networks

June 12, 2007
Federal Reserve Bank of Chicago
230 S. LaSalle St.
Third Floor Conference Center
Chicago, IL 60604

8:00 a.m.		Registration and Continental Breakfast
9:00 a.m.		Welcome and Introduction George Ranney, Jr., President and Chief Executive Officer, Chicago Metropolis 2020
		Theme 1: Reducing Congestion through Variable (or Differentiated) Pricing
9:15 a.m.		Differentiated Road Pricing, Express Lanes and Carpools: Exploiting Heterogeneous Preferences in Policy Design Kenneth Small, University of California at Irvine Clifford Winston, Brookings Institute Jia Yan, Hong Kong Polytechnic Institute Small, Winston and Yan Presentation (PDF, 154KB) Discussant Anas Presentation (PDF, 245KB) Alex Anas, Professor of Economics, The State University of New York at Buffalo
10:00 a.m.		Panel: Reducing Congestion through Pricing—Evidence from the Field Moderator José A. Gómez-Ibáñez, Derek C. Bok Professor of Urban Planning and Public Policy, Harvard University Yossi Berechman, Professor and Chair, Department of Economics, City University of New York Fitzroy Presentation (PDF, 97KB) Stephen Fitzroy, Program Manager, Chenega Advanced Solutions & Engineering, LLC McDonald Presentation (PDF, 16KB) John McDonald, Professor of Economics, University of Illinois at Chicago Munnich Presentation (PDF, 646KB) Lee Munnich, Senior Fellow and Director of the State and Local Policy Program, Hubert H. Humphrey Institute of Public Affairs, University of Minnesota
11:00 a.m.		Break
		Theme 2: Alleviating Public Funding Pressures through Privatization and Other Alternatives to the Fuel Tax
11:30 a.m.		The Role of Tolls in Financing Twenty-first Century Highways Robert Poole, Reason Foundation Poole Presentation (PDF, 1.08MB)
12:00 p.m.		Panel Discussion Moderator John Weicher, Director, Hudson Institute, Center for Housing and Financial Markets Speakers Borror Presentation (PDF, 517KB) Representative Randy Borror, House District 84, Indiana State Legislature J. Fred Giertz, Professor of Economics, Institute of Government and Public Affairs, University of Illinois at Urbana–Champaign Don Harmon, Senator, Senate District 39, Illinois State Legislature
1:00 p.m.		Lunch and Keynote Address Introduction Michael Moskow, President and Chief Executive Officer, Federal Reserve Bank of Chicago Keynote Wachs Presentation (PDF, 824KB) Martin Wachs, Director, Transportation, Space and Technology Program, RAND Corporation
2:30 p.m.		Break
		Theme 3: Improving Efficiency by Adopting New Payment Instruments
2:45 p.m.		Changing Consumer Payments Behavior—The Illinois Tollway Experience (PDF, 5.54MB) Gene Amromin, Federal Reserve Bank of Chicago Carrie Jankowski, Federal Reserve Bank of Chicago Richard Porter, Federal Reserve Bank of Chicago Amromin, Jankowski and Porter Presentation (PDF, 454KB) Discussant McMillen Presentation (PDF, 498KB) Daniel McMillen, Professor of Economics, University of Illinois at Chicago
3:30 p.m.		Panel: Benefits and Challenges of New Payment Systems in Public Transportation Moderator David Boyce, Adjunct Professor, Department of Civil and Environmental Engineering, Northwestern University Speakers Bolton Presentation (PDF, 140KB) Michael Bolton, Deputy Executive Director for Strategic Services, PACE, Chicago, IL Garback Presentation (PDF, 515KB) Gregory Garback, Executive Officer, Department of Finance, WMATA, Washington, DC Eric Tai, Former Chief Executive Officer, Octopus Cards, Hong Kong
4:30 p.m.		Conference summary
5:00 p.m.		Reception
		Last updated: June 20, 2007