Economists have long advocated road pricing as an efficiency-enhancing solution to traffic
congestion, yet it has rarely been implemented because it is thought to create losers as well …

Though economists have long advocated road pricing as an efficiency-enhancing solution to
traffic congestion, it has rarely been implemented, primarily because it is thought to create …

Roadway tolling has been espoused by many transportation economists as an optimal
solution to roadway congestion, largely due its aggregate welfare benefits. However …

This paper reviews literature on the optimal design of pricing policies to reduce urban
automobile congestion. The implications of a range of complicating factors are considered; …

This paper analyses the efficiency and distributional impacts of congestion pricing in
Vickrey's (1969) dynamic bottleneck model of congestion, allowing for continuous …

Since strictly optimal (first-best) road pricing policies require information that we will
probably never have, it is important to investigate what can be done under more restrictive …

Pricing congested roads generally produces efficiency gains. Unless toll revenue is carefully
distributed, however, road pricing would also make most drivers worse off, particularly those …

Some road-pricing demonstrations use “value pricing,” in which travelers can choose
between a free but congested roadway and a priced roadway. Recent research has …

This paper studies first-best and second-best congestion pricing in the presence of
unobserved and observed preference heterogeneity using a stylised stochastic user …

The recent literature on congestion pricing with large agents contains a remarkable
inconsistency: though agents are large enough to recognize self-imposed congestion and …