Using Technology to Eliminate Traffic Congestion
Peter Cramton (),
R. Richard Geddes and
Journal of Institutional and Theoretical Economics (JITE), 2019, vol. 175, issue 1, 126-139
Traffic congestion is a pervasive worldwide problem. We explain how to harness existing technologies together with new methods in time-and-location marketsto eradicate traffic congestion along with its attendant social harms. Our market design for road use builds on congestion pricing and models of efficient pricingin the electricity sector. The market maximizes the value of a transport network through efficient scheduling, routing, and pricing of road use. Privacy and equity concerns are addressed. Transparent price information provides essential information for efficient long-term investment in transport.
Keywords: congestion pricing; dynamic road pricing; transport market design (search for similar items in EconPapers)
JEL-codes: D47 L90 R48 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://www.mohrsiebeck.com/en/article/using-techn ... 101628jite-2019-0012
Fulltext access is included for subscribers to the printed version.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:mhr:jinste:urn:doi:10.1628/jite-2019-0012
Ordering information: This journal article can be ordered from
Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany
Access Statistics for this article
Journal of Institutional and Theoretical Economics (JITE) is currently edited by Gerd Mühlheußer and Bayer, Ralph-C
More articles in Journal of Institutional and Theoretical Economics (JITE) from Mohr Siebeck, Tübingen
Bibliographic data for series maintained by Thomas Wolpert ().