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 …

This paper studies how the optimal capacity of a road is affected by a pricing constraint
which keeps the toll fixed below its optimal value. The answer is found to depend on the …

Economics of Urban Highway Congestion and Pricing offers the most extensive examination
to date of the relationship between congestion tolls and highway capacity in the long run …

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 …

Traffic congestion is a bane of modern city life. Transportation economists have long
supported road pricing as a tool for controlling congestion and the idea is slowly coming into …

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 …

Abstract Drawing on Vickrey (Amer. Econ. Rev. 59, 251–261 (1969)) and subsequent
literature, this paper provides a thorough economic analysis of the simplest bottleneck …

Congestion pricing is seen as an effective policy to address traffic congestion. In such
policies where money, people and authorities are involved, the success generally hinges …

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

This article examines urban highway congestion pricing in the instance in which it is not
possible to levy a congestion toll on a major portion of the urban road system. This case is …