bridge is tolled under the cordon-toll regime. While less realistic than the continuous-space frameworks used in previous … relying on more-complex models. The paper derives the rule for the optimal cordon toll, showing that it points to a toll level … higher than first-best toll on the same bridge. In addition, the analysis shows that cordon tolling leads to a redistribution …

We use applied microeconomics to examine several salient problems of urban transportation: traffic congestion, air …