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

When analysing the effects of transport policies it is important to adequately control for
heterogeneity: previous studies note that ignoring heterogeneity biases the estimated …

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 …

It is important that alternative congestion pricing schedules are compared with respect to a
broad spectrum of their effects. This paper uses an equilibrium simulation model of peak …

Consider a consumer who can choose to travel on a congestible fast mode or on a
congestible slow mode. Users who most value time will use the fast mode. A toll on the slow …

We develop a model for steady-state congestion pricing in which the value of time has a
continuous distribution. Extensions of the usual formula for the toll that maximises the social …

A growing literature exploits macroscopic theories of traffic to model congestion pricing
policies in downtown zones. This study introduces trip length heterogeneity into this analysis …

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 …

In this paper, the effect of congestion tolls upon the pattern of traffic flows is examined.
Congestion tolls influence the individual commuter's decision of when to make a trip …

In this paper we extend J. Wilson's (J. Urban Econom. 13, 337–357, 1983) capacity with
unpriced congestion. We show that whether second-best capacity is larger or smaller than …