Urban highway congestion |
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Authors: | John F. Mcdonald |
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Affiliation: | (1) Department of Economics, University of Illinois at Chicago, 601 S. Morgan St., 60607 Chicago, IL, USA |
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Abstract: | This article examines urban highway congestion pricing in the instance in which it is not possible to levy a congestion toll on a major portion of the urban road system. This case is pertinent because of technical and/or political constraints. The article uses economic theory and numerical examples to show that the optimum second-best toll can vary appreciably from the optimal tolls in a regime in which efficient tolls can be imposed on all routes. |
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Keywords: | congestion pricing road pricing route choice second-best road pricing urban travel demand management |
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