This paper deals with first-best and second-best congestion pricing of a stylised two-link network with probabilistic …

Economists have long advocated road pricing as an efficiency-enhancing solution to traffic congestion, yet it has … data, combined with a structural model of traffic congestion, to estimate the joint distribution of agent preferences and …

We study how preference heterogeneity affects travel behavior and congestion pricing in a dynamic flow congestion model …, arrival intervals, congestion externalities, and tolls. In the absence of tolling, the arrival order is determined by the … eliminated. In social optimum, the arrival rate, travel delay, and toll jump discontinuously at the boundary time between user …