Keyword: toll

Congestion Pricing (1/10/2007)

Road tolls that vary directly with congestion have reduced peak-hour traffic volume in Singapore and Stockholm by forcing commuters to internalize congestion cost.

Keywords: commons resource, commuting, congestion pricing, external cost, externality, Singapore, Stockholm, toll, traffic

Price Signals as Guides for Resource Allocation (7/7/2006)

High prices for scarce resources ensure that these resources will be used for only high-valued purposes.

Keywords: congestion, garbage, market, Price signals, recycle, resource allocation, toll