Road Pricing in Practice and Theory

John McDonald

Review of Network Economics, 2004, vol. 3, issue 4, 9

Abstract: This introductory article to the special issue discusses briefly both the practice and theory of road pricing. Actual methods of charging for road use are discussed, and the current trend towards greater use of time-of-day congestion tolls is noted. The basic model of traffic congestion and road pricing is presented next, and this is followed by a summary of the extensions to the basic model represented in this issue of the Review of Network Economics. Researchers are now developing models that come very close to presenting realistic congestion toll systems that are reasonably efficient.

Date: 2004
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DOI: 10.2202/1446-9022.1056

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