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Road Pricing in Practice and Theory

The Review of Network Economics

Vol. 3, Issue 4 - December 2004, pp 347-355

  John F. McDonald
College of Business Administration, University of Illinois at Chicago
E-mail: [email protected]

  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.

Keywords: road pricing, congestion, toll systems

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