Road Pricing, Traffic Congestion and the Environment Issues of Efficiency and Social Feasibility

Contents

Part 1 Theory and practice before and after Pigou: road pricing in practice; congestion pricing and road investment; recent developments in the bottleneck model. Part 2 Efficiency aspects and second-best policies: road pricing and the alternatives for controlling road traffic congestion; variabilization of car taxes and externalities; what is the scope for environmental road pricing?; urban transport externalities and Pigouvian taxes - a network approach; the economics of information and pricing in transport networks with stochastic congestion. Part 3 Political and social feasibility: road pricing for congestion management - the transition from theory to policy; the equity impacts of road congestion pricing; urban road pricing - public acceptability and barriers to implementation; social feasibility of policies to reduce externalities in transport.

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