Keyword: traffic

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

One Road's Congestion Is Another Road's Revenue (12/21/2001)

Charging motorists for contributing to rush-hour congestion may be economists' dream of internalizing negative externality on toll roads but politicians' nightmare when competing highways are free.

Keywords: 91 Express Lanes, California Private Transportation, Caltrans, congestion pricing, external cost, negative externality, non-compete clause, Orange County, revenue, Riverside Expressway, toll road, traffic, value pricing