Randy specializes in quantitative economics, finance, and transportation economics.Methods and Tools Econometric & Statistical Analysis & Modeling
ECONorthwest can construct or deconstruct any econometric and statistical model or analysis.
Revenues from existing sources have not kept pace with expanding maintenance and construction needs for transportation at the federal, state, regional, and local levels. The demand for additional funding has led many jurisdictions to consider new financing strategies, including impact fees, system development charges, transportation utility fees, and tolls.
ECONorthwest's knowledge of traditional and innovative funding sources, public finance, public-private partnerships, and the structure of regional economies allows it to quickly determine the full range of potential funding sources and to assess those sources in terms of their financial capacity, stability, administrative efficiency, equity, and political acceptability.
ECONorthwest has worked to identify funding sources for specific transportation projects and transportation plans for neighborhoods, cities, counties, and regions. One of our specialties is assisting jurisdictions in using congestion pricing, which models the response to demand to reduce congestion during peak periods. ECONorthwest's Toll Optimization Model, designed to take input from and provide feedback to standard traffic flow models, helps accurately determine this pricing.