The theory of marginal cost pricing maintains that setting the price of travel equal to its
marginal social cost will optimize travel demand. This generally entails the addition of a toll …

Road pricing is an important travel demand management strategy and its effects on
transportation system has been widely investigated. Toll elasticity has been derived in the …

Most dynamic models of congestion pricing use fully time-variant tolls. However, in practice,
tolls are uniform over the day, or at most have just a few steps. Such uniform and step tolls …

Standard textbook analyses of road pricing tend to assume that users are homogeneous,
that there is no travel time risk, and to view congestion as static. The simple analysis also …

One of the key issues in ascertaining the efficacy of various pricing schemes for managing
highway traffic levels is the sensitivity of highway users to prices. The development of …

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 …

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 …

Users' value of travel time (VOTT) and their responsiveness to toll changes (elasticity) for
different trip purposes in the presence of time-of-day pricing is explored for drivers on the …

This paper examines how different price elasticities of travel demand would impact traffic on
a toll road with a time-of-day variable toll rate. Price elasticities were derived from data …

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 …