The bottleneck model introduced by Vickrey in 1969 has been recognized as a benchmark
representation of the peak-period traffic congestion due to its ability to capture the essence …

Travel time reliability is a fundamental factor in travel behavior. It represents the temporal
uncertainty experienced by travelers in their movement between any two nodes in a …

A major concern of all decision makers has been to ensure that there are clear benefits from
transport investment proposals. The travel time savings are clear, but the wider economic …

Congestion charges were introduced in Stockholm in 2006, first as a trial followed by a
referendum, then permanently from 2007. This paper discusses what conclusions can be …

This paper discusses the nature, and magnitude, of externalities associated with automobile
use, including local and global pollution, oil dependence, traffic congestion and traffic …

Road transport imposes negative externalities on society. These externalities include
environmental and road damage, accidents, congestion, and oil dependence. The cost of …

In this chapter, we move on to investigate the road pricing problem with extended multi-class
equilibrium behaviors in the transportation networks introduced in Chapter 2. We begin our …

It is widely recognised that congestion pricing could be an effective measure to solve
environmental and congestion problems in urban areas—a reform that normally also would …

Abstract Brazil, China, and India have seen falling poverty in their reform periods, but to
varying degrees and for different reasons. History left China with favorable initial conditions …

Principles of Transport Economics is a topical, comprehensive and highly informative book,
not just on principles, as the title announces, but also on the facts and figures, the empirical …