Road Pricing for Congestion Management: The Transition from Theory to Policy

Kenneth Small (ksmall@uci.edu) and Jose A. Gomez-Ilbanez

University of California Transportation Center, Working Papers from University of California Transportation Center

Abstract: Traffic congestion is a classic externality, especially pervasive in urban areas. The theoretical and empirical relationships governing it have been thoroughly studied. As a result, most urban economists and a growing number of other policy analysts agree that the best policy to deal with it would be some form of congestion pricing. Such a policy involves charging a substantial fee for operating a motor vehicle at times and places where there is insufficient road capacity to easily accommodate demand. The intention is to alter people’s travel behavior enough to reduce congestion.

Keywords: Social and Behavioral Sciences; Engineering (search for similar items in EconPapers)
Date: 1998-01-01
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Citations: View citations in EconPapers (59)

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