Road Pricing: Theory, Empirical Assessment and Policy, 1995 Transportation Research, Economics and Policy Series

Road pricing (tolls, etc.) as a means of generating revenue for infrastructure investment has become a major policy option in both Europe and North America. It can also be used as a policy in the management of traffic demand and flow, environmental objectives, and optimal resource allocation as regards the size of investments. Road pricing is assumed to be able to solve many problems simultaneously -- congestion control, pollution reduction, and investment financing.
This volume assembles and assesses theoretical knowledge, empirical results and experiences of actual road pricing. In addition, the impact of new information technology on future policy formulation is considered.

I. Theory.- 1. Principles of Road Pricing.- 2. Road Pricing as an Instrument in Traffic Management.- 3. A Conceptual Framework for Pricing Congestion and Road Damage.- 4. Existence of Optimal Tolls under Conditions of Stochastic User-Equilibria.- II. Empirical Knowledge.- 5. Willingness to Pay for Time Savings: The Trondheim Toll Road Experiences.- 6. An Evaluation of the Impact of the Oslo Toll Scheme on Travel Behaviour.- 7. Congestion Metering in Cambridge City, United Kingdom.- III. Policy.- 8. Road Pricing or Transport Planning?.- 9. Road Pricing: The Public Viewpoint.- 10. From Theory and Policy Analysis to the Implementation of Road Pricing: The Stockholm Region in the 1990s.- 11. Road Pricing: Policy and Options for the Future.- 12. Instruments for Charging Congestion Externalities.- Index of References.- List of Authors.